Are there any up-front fees associated with an AMR-WB+ patent license agreement?
Yes, there is an initial administration fee of US$6,500 due upon execution of the license. This is a one-time payment and is not an annual fee. In addition to the initial fee, there is an annual minimum royalty fee of US$10,000. If the royalty fees paid in any one year are less than US$10,000, then at the end of the year, the License Administrator will charge and require payment of the difference. No portion of the annual fee is charged retroactively nor can any portion be carried forward.
