A clause in an exclusive licensing agreement that provides benchmarks for production and sales, the amount of monies to be expended by the licensee and minimum royalty levels is known as a:

Question

Quizplus · Accepted Answer

A best efforts clause in an exclusive licensing agreement sets specific benchmarks for production and sales, financial commitments by the licensee, and minimum royalty payments, ensuring the licensee diligently maximizes the potential of the licensed property.

A Clause in an Exclusive Licensing Agreement That Provides Benchmarks