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20:44 Mar 11, 2007
English to Arabic translations [PRO] Law/Patents - Law: Contract(s) / Hotel Management
English term or phrase:Alternate Catch-up Incentive Royalty
... means, as of any date, the amount, if any, by which (x) the Cumulative Maximum Current Incentive Royalty through such date exceeds (y) the sum of (a) all Current Incentive Royalties paid during the Operating Term through such date (including any interim payments) plus (b) all Catch-up Incentive Royalties paid during the Operating Term through such date (Including any interim payments). TIA
This part of the contract relates to the grant of license and use of rights of an international hotel chain subject to certain terms and conditions. It is titled "License & Royalty". It includes a base royalty, a bonus incentive royalty, a catch-up incentive royalty, a maximum royalty..
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alternate catch-up incentive royalty
حق ملكية تشجيعي تكميلي
Explanation: حق ملكية تشجيعي تكميلي تبادلي
Incentive royalty means an extra amount of money a work user pays to the author or owner of work, for encouraging the author to create works that pertain to certain themes or in special cases.
In some cases, you may be able to exceed the annual limit using an alternate catch-up
Shazly Egypt Local time: 17:41 Native speaker of: Arabic PRO pts in category: 45