Examples of IP Rights Agreement in a sentence
We amortize the deferred income using the straight-line method over the term of the Option Agreement as this is the period of the Company’s performance obligation related to the IP Rights Agreement.
The value of the IP Rights Agreement at the transaction date was determined using a PWERM analysis for six different probability weighted scenarios using the relief from royalty method based on market royalty rates for similar agreements.
The Company engaged a third-party valuation firm to determine the fair value of each component of the Synchron transaction: the Investment Agreement, the Option Agreement and the IP Rights Agreement.
The Board may agree in writing to an amendment to any Administration of IP Rights Agreement or deed of assignment from time to time.
An Applicant shall not be entitled to any payments or benefits from the Company in respect of the Applicant’s interests in the IP Rights that are the subject of the executed Administration of IP Rights Agreement unless and until the Applicant has been elected to Membership.
As of the closing date of the Synchron transaction, the gross value of each component was determined to be as follows: $2,900 for the Investment Agreement, $825 for the Option Agreement and $1,027 for the IP Rights Agreement.
Notwithstanding anything to the contrary in an Administration of IP Rights Agreement, except where divergence is expressly permitted, any Administration of IP Rights Agreement (excluding any deed of assignment itself) shall be subject to and be deemed to incorporate the provisions of this MOI and the Governance Rules as amended from time to time, and in the event of a conflict, the provisions of the MOI and the Governance Rules shall prevail.
Additionally, the parties executed an IP Rights Agreement, whereby Synchron received rights to use and improve the Company’s intellectual property relating to our patents-pending and related technical information.
The incremental difference between the estimated value of the exclusive and non-exclusive IP Rights Agreement was added to the value from the Black- Scholes model to arrive at the total value of the Option.Because Synchron will obtain exclusive rights to the intellectual property if it exercises the Option, the value of the IP Rights Agreement is considered deferred income as the Company retains exclusive title to the intellectual property until Synchron exercises the Option.
The Company engaged a third-party valuation firm to determine the fair value of each component of the transaction: the Investment Agreement, the Option Agreement and the IP Rights Agreement.