Royalty Agreement Style 1

THIS ROYALTY AGREEMENT (“Agreement”) is made and entered as of the 1st day of January, 2013 (“Effective Date”) by and between Dennis McGuire, and having an address of 3231 SE St. Lucie Blvd., Stuart, FL 34997 ("Inventor") and Ecosphere Technologies, Inc., a Delaware corporation, and having an address of 3515 SE Lionel Terrace, Stuart, FL 34996 ("Company", which term shall include all Affiliates, as hereinafter defined). In many contracts involving the use of knowhow (and associated IP), 'technical assistance' may be encountered as a part of the contractual process, particularly in developing country contracts. The assistance comprises services which are not in the nature of IP but are needed by the licensee to accomplish its objectives. The cost of such services arises from delineating the skill-mix and 'man'-hours of effort involved (domestic and expatriate personnel) and providing for supervision overhead. The costs of different skills is in the public domain and can be readily estimated. The overhead percentage, however, is a negotiated element. Note that all of these ventures s could be in a third county. JVs and franchises are rarely found formed within a county. MPEG LA’s objective is to provide worldwide access to as much DisplayPort essential intellectual property as possible for the benefit of licensees. Any party that believes it has a patent which is essential to the DisplayPort standard is welcome to submit its patent(s) for an evaluation of essentiality by MPEG LA’s patent experts and inclusion in the License if determined to be essential.

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Royalty Agreement Style 1

to begin on the Effective Date and end on the expiration of that Calendar Quarter in which the Effective Date falls. The most successful franchisors will take great care in determining what their required royalty payments will be, whereas some franchisors will just use whatever their competitors are requiring, or just pick a number with little to no basis for it. Ideally, the franchisor will set the royalty amount at a level that will allow the franchisee to take home a healthy enough profit, after all expenses, such that the business will be able to succeed both initially and ongoing. Different industries and revenue models lead those industries to specific strategies for setting royalty amounts. There is no one way that is required, so franchisors can get as creative as they'd like. The most successful franchisors will take great care in determining what their required royalty payments will be, whereas some franchisors will just use whatever their competitors are requiring, or just pick a number with little to no basis for it. Ideally, the franchisor will set the royalty amount at a level that will allow the franchisee to take home a healthy enough profit, after all expenses, such that the business will be able to succeed both initially and ongoing.

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Business Formation
Business Management
Business Operations
Business Property
Client and Customer
Construction
Employment
Event
Event & Project Management
Financial
Financial Management
Finder's Fee Agreement
Human Resources
Inventory
IT Project Management
Manufacturing
Personal & Family
Personal Lists, Tracker & Calculator
Real Estate
Website & Services
Will & Estate Planning
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Excel
Word

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