minimum royalty clause

minimum-royalty clause. Patents. A royalty-agreement provision that prescribes a fixed payment by the licensee to the patentee, regardless of whether the invention is actually used. [Cases: Patents 218(1), (5).C.J.S. Patents §§ 365–368, 371.]

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词条贡献者

资深译员Walker，毕业于亚洲一流的高级翻译学院，擅长翻译各类与尽职调查相关的法律文件。