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Licensors use license agreements to grant their licensees the right to use certain intellectual property, including software, trademarks, service marks, inventions, and patents. Besides the property being licensed and the royalty rates, license agreements can also include representations, warranties, termination provisions, terms of indemnification and dispute resolution clauses. (contracts.onecle.com)

Annual Reconciliation Report means a written report or reports in a form to be agreed by the Seller and the Purchaser from time to time showing a reconciliation of the amount of the Estimated Bexsero Ex-US Royalty Payment to the amount of the Bexsero Ex-US Royalty Payment due in respect of such Calendar Year; (LawInsider)