Standard Clauses providing for an upfront payment, such as an upfront royalty or license fee, that is payable on or shortly after the signing of a patent license agreement. They include different sample clauses drafted in favor of either the licensee or the licensor. These Standard Clauses also include a sample clause for use where the upfront payment takes the form of shares of the licensee's stock that are issued, or otherwise provided, to the licensor on the agreement's effective date. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.