A license fee clause outlines the payment terms and conditions under which a licensee is required to pay the licensor for the rights to use intellectual property, technology, or other licensed assets. It typically specifies the amount, frequency, and method of payment, and may also include adjustments based on usage, performance metrics, or renewals.
Base License Fee. Licensee shall pay to Licensor in advance, without demand and without deduction, abatement, or setoff, as ''Base License Fee" the amount specified in the Memorandum of License in twelve equal monthly installments, on the first day of each month of the Term of the License, beginning on the Commencement Date. If the Commencement Date falls on any day which is not the first of the month, then the Base License Fee shall be apportioned for the balance of that month, and from thereon, it shall be paid on the first day of each and every month during the Term of this License. All additional costs, charges, expenses and payments detailed in this License Agreement which are on Licensee's account (including, but not limited to, Operating and Maintenance Expenses, Services, Utilities and Taxes), shall be deemed Additional License Fee. In the event that Licensee fails to timely pay such Additional License Fee, Licensor shall have all of the rights and remedies with respect thereto as are provided for herein or by applicable law in the case of non-payment of Monthly Base License Fee.
Additional License Fee. As provided in the Memorandum of License, Licensee shall pay to Licensor as Additional License Fee its pro-rata share of Licensor's estimated Operating Expenses for the current calendar year the "Estimated Operating Expenses" in twelve equal monthly installments, in advance, on the first day of each month of the Term, beginning on the Commencement Date. Within the first three months following the end of each calendar year or following the License Termination, as the case may be, Licensor shall provide to Licensee an invoice (the “Invoice") for the difference between the Estimated Operating Expenses paid by Licensee as provided above and Licensee's pro-rata share of Licensor's Actual Operating Expenses for such calendar year. The Invoice shall include in reasonable detail all computations of the Additional License Fee. Licensee shall pay the Invoice for the Additional License Fee within thirty days following receipt of it. Commencing on January 1st of the following calendar year and from thereon, on each and every first day of the calendar year during the Term of this License, Licensee shall pay to Licensor, without demand, deduction, abatement or set-off, as "Additional License Fee", its pro-rata share of the Actual Operating Expenses incurred by Licensor for the preceding calendar year. The Invoice shall reflect the adjustments of the previous months and for any month following the Invoice, Licensee must pay the new pro-rata share stated therein.
License Fees (a)Licensee shall pay to MSCI the applicable [***] license fee set forth in the relevant Schedule for the use of each Index in connection with a Fund. The license fee shall be [***]. Upon MSCI’s communication to Licensee of the License Fees, Licensee will review and confirm Licensee’s agreement with the License Fees [***]. MSCI will subsequently issue an invoice to Licensee. Licensee shall pay each invoice within [***]. Notwithstanding the foregoing, MSCI acknowledges and agrees that [***]. Any license fees or any other amounts due hereunder [***]. Each party shall promptly inform the other with respect to any fee dispute under this Agreement and the parties shall work diligently to resolve such dispute. (b)Licensee shall maintain detailed and accurate records with respect to [***] and its payments to MSCI hereunder. During the term of this Agreement and for a period of one (1) year after its termination, Licensee shall, upon written request by MSCI, [***]. (c)Where Licensee is established outside the United Kingdom but Licensee’s locations include branches or establishments in the United Kingdom, the parties shall cooperate to agree what part of the license fee is reasonably attributable to such use and, accordingly, United Kingdom value added tax may be due thereon in addition to MSCI’s license fees. (d)Where Licensee is established in the United Kingdom but Licensee’s locations include branches or establishments outside the United Kingdom, the parties shall cooperate to agree what part of the license fee is reasonably attributable to such use, and accordingly United Kingdom value added tax may not be due thereon.
License Fee. (a) Base Fee. Commencing on the first full month after the Term Commencement Date (“License Fee Commencement Date”), Licensee shall pay a monthly license fee equal to $367,159.00 (“License Fee”), plus any pro rata portion thereof if the Term Commencement Date is any date other than the first of the month, which Licensee shall pay in advance on or before the first day of each and every month during the Term by electronic payment to Licensor. The License Fee shall be subject to a three percent (3%) increase upon each anniversary of the License Fee Commencement Date. (b) Late Fee. If any payment of the License Fee, or any other payment due under this Agreement, is not received by Licensor no later than the second (2nd) business day of each month, or when otherwise due, Licensee shall pay to Licensor a late payment charge equal to five percent (5%) of the amount of such delinquent payment, in addition to any outstanding License Fee or any other payment due under this Agreement then owing; provided, however, Licensor hereby agrees to waive one such late fee in any twelve (12) month period so long as Licensee shall pay such outstanding amounts within five (5) days of written notice from Licensor to Licensee of such late payment. Licensee shall pay twelve percent (12%) interest per annum on any outstanding License Fee or other payment due under this Agreement that remains unpaid; such interest shall accrue beginning the date such payment is due until the date such payment is actually paid.
Additional Fees. Licensee may request that Licensor grant access to Additional Occupants provided that Licensee first (i) submits a written request to Licensor requesting Additional Occupants; (ii) Licensee receives written confirmation from Licensor granting access to Additional Occupants (which Licensor may withhold in its sole discretion); and (iii) Licensee pays, in addition to the License Fee, an amount equal to $2,500 per month for each Additional Occupant.
Licensee Fee. In consideration of the license granted hereunder, Licensee will pay to Licensor a license fee equal to [******] of the Net Sales of any Licensed Game or Sequel accrued during each calendar month after the date of commercial launch of a Licensed Game or a Sequel, serviced by Licensee (or the third party who concluded the sublicense agreement with Licensee) (the “License Fee”). The License Fee may be adjusted by written agreement signed by the Parties.
License Fee; Security Deposit; Initial Payment. Section 3 of the License Agreement is hereby modified by adding the following new paragraphs to the end of the Section: Effective June 15, 2022, Licensee shall pay Licensor a monthly license fee of $388,305.09 (“Second Extended Term License Fee”). The Second Extended Term License Fee shall be subject to a three-and one-half percent (3.5%) increase effective June 1, 2023. Except as expressly stated otherwise herein, the Second Extended Term License Fee shall be subject to all the same terms and conditions as the License Fee. For clarity, the monthly License Fee for the remainder of the Term is set forth in Schedule A, attached hereto and made part of this Amendment. As part of the Third Amendment, Licensee shall pay a Security Deposit equal to $401,895.77 (“Security Deposit”). The purpose of the Security Deposit is to guarantee the full, prompt and faithful performance by Licensee of all of the terms, conditions, covenants, agreements, warranties and provisions of the Agreement to be performed, fulfilled or observed by Licensee hereunder, including but not limited to the payment of the License Fee and other charges. If Licensee breaches any term or condition of the Agreement, said Security Deposit or any part thereof may be used to pay any such payment or perform any obligations of the Licensee, and the Licensee shall immediately replace the amount of the Security Deposit so used. Said Security Deposit may be co-mingled with the Licensor's other funds, need not be kept in a separate account, and Licensor shall not be required to pay interest on same. Licensor shall return the balance of the Security Deposit to Licensee, less any amounts duly owed from Licensee to Licensor, within sixty (60) days after the end of Term, as may be extended from time to time. Licensor, from time to time, may transfer the Security Deposit to any mortgagee or any grantee or grantees to be held by such mortgagee, grantee or grantees as the Security Deposit hereunder on the above terms, and upon such transfer to such mortgagee, grantee or grantees, Licensor thereupon shall be relieved from all further liability to the Licensee with respect to the Security Deposit, and Licensee thereafter shall look only to such mortgagee, grantee or grantees for the return of the Security Deposit. Licensee shall pay, immediately upon executing this Third Amendment, an amount equal to the License Fee for the last month of the Second Amended Term ($401,895.77) and the Security Deposit (“Initial Payment”). Notwithstanding the forgoing, it is acknowledged that Licensee has already paid $776,792.00 toward the Initial Payment, and, as such, Licensee shall the pay the remaining balance in the amount of $26,999.54, on or before the execution of the Third Amendment.
License Fee Reports. For the sake of clarity, Client shall include, in its License Fee report due following the Amendment Effective Date, the license fees due to HERE in connection with the Non-Optional MapCare Update Subscriptions associated with all Initial Copies distributed between [*****] and the Amendment Effective Date, including Initial Copies where the MapCare Update Subscription is $[*****] under this Amendment. For further sake of clarity, all License Fee reports under Section V(B) of TL 10 shall include license fees for [*****] and Non-Optional MapCare Update Subscriptions due under this Amendment for the duration of the TL Term.
Pursuant to this Agreement, Momo Info. agrees to grant the use right of its intellectual properties to Momo Chengdu under this Agreement for the purpose of release games and provide speed dating services to users, including Momo App and HongNiang App. Momo Chengdu agrees to pay Momo Info. a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement.
LICENSE FEE. 5.1In consideration of the Licensor granting the license to the Licensee to occupy and use the Licensed Premises, the Licensee shall pay a monthly license fee to the Licensor commencing from the License Commencement Date which is 3rd March, 2018. 5 5.2During the Term of this Agreement, the Licensee shall pay to the Licensor a sum of Rs. 21,51,470/- (Rupees Twenty One Lakhs Fifty One Thousand Four Hundred and Seventy only) per month calculated·@ Rs. 61/- (Rupees sixty one) per square foot per month on Chargeable Area. 5.3The monthly license fee shall be paid on or before the 7th day of each month. 5.4Goods and Service Tax (GST) and other levies payable on the license fee shall be paid over and above the license fee by the Licensee at applicable rates. 5.5The Licensor shall furnish to the Licensee a certificate from the Income Tax Authorities for non-payment of Tax Deduction at Source (TDS) and hence the Licensee shall not be required to deduct any TDS on the license fee payable by the Licensee to the Licensor. If the Licensor fails to provide the certificate within 3 months from the Effective Date, the Licensee shall be entitled to deduct TDS from the license fee payable to the Licensor. The Licensee shall furnish the necessary TDS certificate as required by law.
License Fee. As partial consideration for the rights conveyed by Skinvisible under this Agreement, Licensee agrees to pay to Skinvisible a one-time, non-refundable, non-creditable license issue fee of one million USD dollars (USD $1,000,000) (“License Fee”). In the event that the Licensee’s initial funding event is equal to or greater than ten million USD (USD $10,000,000), the full License Fee shall be payable immediately upon the successful closing of the initial funding event. In the event that any funding event is less than USD$ 10,000,000, Licensee will pay Skinvisible a non-refundable 10% of the net amount raised in any funding event until the full License Fee is paid, due no later than September 30, 2020. This Agreement will automatically terminate if the License Fee is not paid by September 30, 2020. Licensee agrees to hold bi-monthly update calls with Skinvisible on the status of funding until such time the full License Fee is paid.
Monthly License Fee. (a) For each and every month during the term of this License, MMC shall pay to Licensor a monthly license fee (the “Monthly License Fee”) equal to the greater of (a) the number of Guaranteed Spaces multiplied by the “Monthly Per Space Fee” (as such term is defined below). From September 1, 2018 through August 31, 2019 (the “First License Year”), the Monthly Per Space Fee shall be $150.00. The Monthly Per Space Fee may be increased from time to time to “Market Rate”, but such increase shall occur no more than once in any License Year. Market Rate shall be the standard monthly rate that Licensor charges to the public for monthly parking in the Garage. (b) For the First License Year MMC shall pay a Monthly License Fee equal to the greater of (a) $75,000 (the product obtained by multiplying the 500 Guaranteed Spaces times the initial Monthly Per Space Fee of $150 per space) or (b) the product obtained by multiplying the initial Monthly Per Space Fee of $150 times the greatest number of parking spaces used by MMC during such month. By way of illustration only, if MMC used between 400 and 450 parking spaces during a month of the First License Year, the Monthly License Fee would be $75,000 (the 500 Guaranteed Spaces times the Monthly Per Space Fee of $150). Likewise, if for one day of the month during the First License Year, MMC used 600 spaces and for the rest of the month, it used less than 600 spaces, the Monthly License Fee for that month would be $90,000 (600 spaces times the Monthly Per Space Fee of $150 per space). For purposes of this Section 4, any access to the Garage by means of a MMC Access Card (or the interim access cards referenced in Section 2) shall count as a parking space used by MMC. -2- Execution Copy (c) On or before each the first day of each month during the term of this License, commencing September 1, 2018, MMC shall pay to Licensor an estimated Monthly License Fee of $75,000. Promptly following the end of each calendar month, Licensor shall invoice MMC for its parking usage for the preceding month, based upon the Monthly License Fee then in effect, as specified above. If the Monthly License Fee based on actual usage exceeds $75,000, as reflected in such invoice, MMC shall pay such excess within ten (10) days of invoice. Any Monthly License Fee not received by Licensor within 10 days of its due date, or invoice, as applicable, shall be considered late and a late fee of 3.5% shall be added to the Monthly License Fee, which sum shall be paid upon demand.
License Fee. Upon execution of this Agreement, Licensee shall pay Ticket Software an annual fee for use of the Software (a “License Fee.”) The amount of the License Fee will be based on Licensee’s License Tier. Licensee’s License Tier is determined by Licensee’s global internet website rank as determined by Alexa Ranking on the Effective Date of this Agreement. “Alexa Ranking” means the global internet website rank given Licensee’s website by Alexa Internet Inc.
Storage/R&D License Fee. In consideration of Licensor’s grant to Licensee of the right to use the Storage/R&D, Licensee shall pay to Licensor the Monthly Storage/R&D License Fee throughout the Term of this Agreement. Such Monthly Storage/R&D License Fee shall be payable in advance (except that the first and last month’s Monthly Storage/R&D License Fee shall be paid concurrently with execution of this Agreement) in monthly installments on the first day of each month during the Term of this Agreement. The Monthly Storage/R&D License Fee shall be paid without offset, prior notice or demand from Licensor at the address set forth in Section 9 below, or to such other person or place as Licensor may designate in writing from time to time. If the Term commences or ends on a day other than the last day of a month, then the Monthly Storage/R&D License Fee for the month during which such expiration occurs shall be prorated on the basis of the actual number of days in such month.
License Fee. Commencing on the Commencement Date and continuing thereafter during the Term (as it may be extended hereunder), Licensee shall pay Licensor, at its office identified above or such other place as Licensor may from time to time designate in writing, a monthly license fee of $4,000.00 (the “License Fee”). The License Fee shall be payable in advance on the 1st day of each month with the first License Fee payment due on the date of this Agreement. The License Fee shall be pro-rated in the event of a partial month hereunder. The License Fee shall be payable without notice, demand, offset or deduction for any reason. Licensee shall additionally pay for or reimburse Licensor for any and all other impositions, taxes, liens, charges or expenses of any nature whatsoever in connection with the operation of the Property. In addition to the License Fee, Licensee shall pay to the parties respectively entitled thereto, or satisfy directly, all other impositions, insurance premiums, repair and maintenance charges, and any other charges, costs, obligations, liabilities, requirements, and expenses, which arise with regard to the Property or may be contemplated under any other provision of this Agreement during the Term, except for costs and expenses expressly made the obligation of Licensor in this Agreement.
A license fee is a payment made by one party to another for the right to use a particular asset, intellectual property, or service. These fees can be a one-time payment or recurring and are typically outlined in a licensing agreement. The asset or property being licensed can range from software, patents, and trademarks, to media content, such as music or films.
License fees should be used in situations where:
License fees are prevalent in industries such as software, entertainment, pharmaceuticals, and franchising, where proprietary or creative works are a central part of business operations.
When writing about a licensing fee, it is crucial to detail:
The Subject of the License: Clearly define what is being licensed, including any specifications or limitations.
Example: Software version, geographical limitations.
Fee Amount: Specify the amount of the license fee and the method of calculation, if applicable.
Example: “The license fee shall be USD $5,000 annually.”
Payment Terms: Outline how and when the payment is to be made.
Example: “The license fee shall be payable in quarterly installments.”
Duration: Define the duration of the licensing agreement.
Example: “This license is valid for three years from the date of agreement.”
Renewal Terms: If applicable, include any options or requirements for renewing the license.
Example: “The license may be renewed upon mutual agreement of both parties 30 days before expiration.”
Scope and Limitations: Discuss the extent of rights granted and any restrictions.
Example: “The licensee is granted non-exclusive rights to use the software solely within North America.”
Properly documenting these components ensures clear understanding and agreement between involved parties.
Contracts that commonly include a license fee are:
These contracts stipulate how the licensed materials can be used and ensure legal bounds are respected while providing fair compensation to the owner.
Try our AI contract analysis and extract important clauses and information from existing contracts.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A license grant clause in a contract specifies the permissions and limitations under which the licensee can use the licensor's property, such as intellectual property or technology. It defines the scope, duration, territory, and conditions of the granted rights, thereby outlining the legal framework for usage and ensuring protection for the licensor's assets.
Licensed rights refer to the permissions granted by the owner of intellectual property or other proprietary assets to a licensee, allowing them to use, reproduce, or otherwise exploit those assets under specific terms and conditions. These clauses outline the scope, duration, and any restrictions or limitations associated with the granted rights, ensuring both parties have clear expectations regarding the authorized use of the licensed material.
A lien waiver is a legal document that, once signed, relinquishes a party's right to file a lien against a property for unpaid work or materials. It serves to protect property owners from potential claims and disputes related to construction or renovation projects.
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