z_smith, Yes, the main terms and topics are sta
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Posted On: 12/09/2019 12:27:41 PM
z_smith,
Yes, the main terms and topics are standard, however, each one has to be taylored to the deal itself. Lots of things need to be worked out and agreeded upon. This more difficut when only part of CYDY portfolio is being licensed for commercialization.
Below some items from a similar commercialization deal of a company in which I own some shares. This was a total of 42 pages of very technical information (with exhibits).
DEFINITIONS
LICENSES
DISCLOSURE OF KNOW-HOW
MILESTONE PAYMENTS
MANAGEMENT; JOINT STEERING COMMITTEE
DEVELOPMENT
REGULATORY MATTERS
COMMERCIALIZATION
MANUFACTURE AND SUPPLY; PAYMENT FOR PRODUCTS
REPRESENTATIONS, WARRANTIES AND COVENANTS; DISCLAIMER
INTELLECTUAL PROPERTY
CONFIDENTIALITY/PUBLICATIONS
TERM AND TERMINATION
EFFECTS OF TERMINATION OR EXPIRATION
ANNOUNCEMENT
GOVERNING LAW
DISPUTE RESOLUTION
NOTICES
FORCE MAJEURE
INDEMNIFICATION AND INSURANCE
NON-ASSIGNABILITY
LANGUAGE
ENTIRE AGREEMENT
SEPARABILITY
INDEPENDENT CONTRACTORS; NO PARTNERSHIP
AMENDMENT AND WAIVER
COUNTERPARTS
Yes, the main terms and topics are standard, however, each one has to be taylored to the deal itself. Lots of things need to be worked out and agreeded upon. This more difficut when only part of CYDY portfolio is being licensed for commercialization.
Below some items from a similar commercialization deal of a company in which I own some shares. This was a total of 42 pages of very technical information (with exhibits).
DEFINITIONS
LICENSES
DISCLOSURE OF KNOW-HOW
MILESTONE PAYMENTS
MANAGEMENT; JOINT STEERING COMMITTEE
DEVELOPMENT
REGULATORY MATTERS
COMMERCIALIZATION
MANUFACTURE AND SUPPLY; PAYMENT FOR PRODUCTS
REPRESENTATIONS, WARRANTIES AND COVENANTS; DISCLAIMER
INTELLECTUAL PROPERTY
CONFIDENTIALITY/PUBLICATIONS
TERM AND TERMINATION
EFFECTS OF TERMINATION OR EXPIRATION
ANNOUNCEMENT
GOVERNING LAW
DISPUTE RESOLUTION
NOTICES
FORCE MAJEURE
INDEMNIFICATION AND INSURANCE
NON-ASSIGNABILITY
LANGUAGE
ENTIRE AGREEMENT
SEPARABILITY
INDEPENDENT CONTRACTORS; NO PARTNERSHIP
AMENDMENT AND WAIVER
COUNTERPARTS
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