View all text of Subpart 252.2 [252.201-7000 - 252.270-7002]
252.227-7008 - 252.227-7008 Computation of royalties.
As prescribed at 227.7009-4(c), insert the following clause in patent releases, license agreements, and assignments:
Computation of Royalties (AUG 1984)Subject to the conditions hereinafter stated, royalties shall accrue to the Contractor under this agreement on all articles or materials embodying, or manufactured by the use of, any or all inventions claimed under any unexpired United States patent licensed herein, upon acceptance thereof by the Department of ____________, at the rate of ________ percent of the net selling price of such articles or materials (amount) per (name of item) *
* Use bracketed matter as appropriate.
(End of clause)