Common use of CONTRACTUAL BASELINE Clause in Contracts

CONTRACTUAL BASELINE. The Incubatee is a start up company in the early stage development of its commercial enterprise, applying space technology or systems to non-space applications, including industrial, scientific and commercial uses, or developing products or services for the space sector. In some cases the Incubatee product or service may be based on transfer of a technical system/solution to a non-space environment. As a start up company the Incubatee requires business development support, technical and commercial advice and marketing expertise to be able to commercialise its product or service through: - developing its commercial focus; - enhancing or creating its business plan; - elaborating on its business outline proposal; - making relevant use of Third Party advisors; - establishing a sound financial, commercial and marketing model; and - performing additional technical activities, functional to the above activities as required.

CONTRACTUAL BASELINE. The Incubatee is a start up company in the early stage development of its commercial enterprise, applying space technology or systems to non-space applications, including industrial, scientific and commercial uses, or developing products or services for the space sector. In some cases the Incubatee product or service may be based on transfer of a technical system/solution to a non-space environment. As a start up company the Incubatee requires business development support, technical and commercial advice and marketing expertise to be able to commercialise its product or service through: - developing its commercial focus; - enhancing or creating its business plan; - elaborating on its business outline proposal; - making relevant use of Third Party advisors; - establishing a sound financial, commercial and marketing model; and - performing additional technical activities, functional to the above activities as required.;