Royalty Split Agreement Template for South Africa

1. Territory: Defines geographical limitations of the agreement, used when rights are territory-specific

2. Multiple Revenue Streams: Used when different royalty splits apply to different types of revenue

3. Exchange Rate Provisions: Required for international agreements with multiple currencies

4. Sub-licensing Rights: Included when parties have the right to sub-license the intellectual property

5. Marketing and Promotion: When parties have specific promotional obligations or restrictions

6. Dispute Resolution: Specific procedures for resolving disputes, particularly important for international agreements

7. Tax Provisions: Detailed tax handling procedures, especially for cross-border royalty payments

8. Force Majeure: Provisions for handling unforeseen circumstances affecting royalty generation

1. Schedule A - Intellectual Property Description: Detailed description of the intellectual property subject to royalties

2. Schedule B - Royalty Calculation Methodology: Detailed formulas and examples of how royalties will be calculated

3. Schedule C - Payment Details: Banking and payment information for all parties

4. Schedule D - Reporting Template: Standard format for regular royalty reports

5. Schedule E - Authorized Representatives: List of individuals authorized to act on behalf of each party

6. Appendix 1 - Revenue Stream Categories: Detailed breakdown of different revenue types and applicable splits

7. Appendix 2 - Audit Procedures: Detailed procedures for conducting royalty audits