MINIMUM-ROYALTY CLAUSE

By SovConn | June 1, 2013

minimum-royalty clause.Patents. A royalty-agreement provision that prescribes a fixed payment by the licensee to the patentee, regardless of whether the invention is actually used. [Cases: Patents 218(1), (5).C.J.S. Patents §§ 365–368, 371.]

[Blacks Law 8th]

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