Use this template to prepare a Royalty Agreement for the Province of British Columbia, between a company and a developer hired by the company to develop a software application. Provisions include:

• The parties intend to work together to initiate marketing opportunities for the software to third parties.
  
• The developer will pay a royalty to the company for each software license it grants to an end user.
  
• Royalties will be calculated and paid annually based on end-user license fees paid during the preceding calendar year.
  
• Both parties will use best efforts to promote and market the software to potential end users.

This is a Canadian legal document in MS Word format.