The royalty rate shall not be higher than the standard international rate.
So I told the salesman that we can handle the order, but the royalty rate should be lower than before, he said that's not important…Well, It touched me a little.
This arrangement would enable the cumulative royalty rate for W-CDMA to be set at a modest single digit level.
Pandora is finally on safe ground with a long-term agreement for survivable royalty rates.
Notwithstanding clause 7.3, if the royalty due on any project is less than US2000, then a shall in lieu of the royalty calculated by reference to the royalty rate, pay a minimum fee of US2000 to b.
The royalty rate may be fixed or subject to annual increase or decrease.