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

Development Milestone Payments. [[3D Medicines:Organization]] shall pay to [[Aravive:Organization]] the one-time, non-refundable, non-creditable payments set forth in the table below within ​ of the first achievement by a Licensed Product of the applicable milestone event, whether by or on behalf of [[3D Medicines:Organization]], its Affiliate, or their Sublicensees.

Commercial Milestone Payments. [[3D Medicines:Organization]] shall pay to [[Aravive:Organization]] the additional one-time, non-refundable, non-creditable payments set forth in the table below within ​ after the first achievement by the cumulative Net Sales of Licensed Products of the applicable sales milestone event. For clarity, each of the following milestone payments shall be payable only once regardless of the number of times such milestone is achieved.

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