party aat the most favourable price wity parts, accessories, raw materials, fittings,
etc. for con-trade mark the two parties.
2.8 party b grants party a the rignt to use party b’s trade mark, and use the
combinedtrade,mark of both parties or mark the wouding ’production according to
licensor’s licence’on the contract produets.
article 3 price of the contract
3.1 price of the contract shall be calculated on royalty in accordance with the
content and scope sipulated in artice 2 to the contract and shall be paid in___________.
3.2 royalty under the contract shall be paid from__________ months after the the date
ofcoming into effect of the contract in terms of calendar year. the date of settling
accountsshallbe 31,december of each year.
3.3 royalty at the rate of__________ % (___________percent ) shall be calcuated in
terms ofnet selling price after the contract products are sold in this year,the contract
products which not soldshall not be included.
3.4 the report of the selling quantity, net selling amount of the contract products
androyalty which should be paid in last year shall be submitted to party b in written
form by party a within 10(ten) days after the date of settling accounts to royalty. the
specific methods which calculatenet selling amountand royalty are detailed in appendix 3
to the contract.
3.5 the contract products sold by party a pursuant to the patent license herein