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[ ] upon publication.[ ]
Royalties and Advance.
Licensee agrees to pay Licensor a royalty of ______% of Net Sales. Net Sales are defined as gross sales (the gross invoice amount billed tocustomers) less quantity discounts and returns actually credited. Licensee agrees to payLicensor an advance against royalties of $_____________ upon execution of thisAgreement. Licensee shall pay Licensor within thirty (30) days of the end of each quarter.Licensee shall furnish an accurate statement of sales during that quarter. Licensor shallhave the right to inspect Licensee's books upon reasonable notice.
Credit & Samples
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All versions of the Work that include the Selection shall contain thefollowing statement: ___________________________________________________ [ ]
Upon publication, Licensee shall furnish __ copies of the Work toLicensor.
Licensee agrees to fully and completely comply with the marking provisions of the patent, trademark and copyright laws of the United States for the Selection.
Licensor agrees to defend and indemnify Licensee, its officers, directors, agents andemployees, against all costs, expenses and losses (including reasonable attorneys’ feesand costs) incurred through claims of third parties against Licensee challenging theauthenticity of the Selection or alleging that Licensee’s use of the Selection infringes therights of another.
Licensor shall be obligated, at its own cost and expense, to institute an prosecute lawsuitsagainst third persons for infringement of the rights licensed in this Agreement.
Licensor represents and warrants that it is the owner of and controls all right, title and