The term of the licence is five years. During the licence term the licensee must comply with certain obligations. We list a selection of the main terms below. The full terms of the licence can be found via the link at the bottom of this section.
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- Within 30 days of the end of each calendar quarter a licensee shall report its sales and manufacture of relevant products to Sisvel;
- Based on this report, Sisvel calculates the due royalties which will be payable within 30 days from the invoice;
- A licensee must maintain records related to its sales, manufacturing and reporting for five years, Sisvel will have a right to audit such records;
- A licensee shall inform Sisvel if its supplier or customer claims to already have paid for a licence for certain products. We stand ready to ensure that royalties are only paid once in your supply chain.
- If there are changes to its ownership or corporate structure, a licensee should notify Sisvel.