[livi]

Thanks, guys!

The text goes something like this: If the royalties based on aggregate net sales does not equal or exceed the applicable Minimum Royalty amount..... ..they shall pay an amount equal to the difference..

As I mentioned this is not a question of different opinions as far as interpreting the contract. They admit to and agree to the terms but based on the fact that they have failed to commercialize the Product and hence have not made any Money, they argue that it is reasonable that they be off the hook regarding the minimum royalties.

I find it a strange way to do business. If I sign an agreement I will honor the terms whether it turns out to be a good or bad Project. I canīt just make the agreement go away as I please.