Example ContractsClausesdevelopment milestone paymentVariants
Development Milestone Payment
Development Milestone Payment contract clause examples

Development Milestone Payments. In further consideration for the exclusive rights and licenses granted by Licensor to Licensee hereunder, Licensee shall pay to Licensor the milestone payments set out below following the first achievement by Licensee, and/or any of its Affiliates or Sublicensees, of the corresponding milestone events set out below with respect to the Product, in accordance with this Article 6.2 and the payment provisions in [Article 7]:

Development Milestone Payments. In further consideration for the exclusive rights and licenses granted by Licensor to Licensee hereunder for the China Territory, Licensee shall pay to Licensor the milestone payment set out below following the first achievement by Licensee, and/or any of its Affiliates or Sublicensees with respect to the China Territory, of the corresponding milestone event set out below with respect to the Product, in accordance with this [Article 6.9.2] and the payment provisions in Article 7:

Sales Milestone Payments. In further consideration for the exclusive rights and licenses granted by Licensor to Licensee hereunder, Licensee shall pay to Licensor the milestone payments set out below following the first time that the Annual Royalty Bearing Net Sales of the Product reach the following thresholds, in accordance with this Article 6.2 and the payment provisions in [Article 7]:

Development Milestones. In partial consideration of the rights granted by Licensor to [[Organization A:Organization]] hereunder and subject to the terms and conditions set forth in this Agreement, [[Organization A:Organization]] shall pay to Licensor a milestone payment within ​ after the achievement of each of the following milestones for the first Licensed Product for each Accepted Target, calculated as follows:

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.