IP Licensing · glossary
With no payment for each product made or sold. All three licences are royalty-free, because Tregarth paid for the factory in the share price (clause 9.1). The only charge is the Extension Fee for keeping KelderPlan after the Term. Licence 9.1 · Chapter 9 · see Extension Fee
Explained in Chapter 9, Money, Warranties and Liability, of IP Licensing.
All three licences in clause 2 are royalty-free: the Sheffield company pays nothing for each pump it makes or sells. Clause 9.1 says why…Read Chapter 9, Money, Warranties and Liability →
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