Examples of Strategic Collaboration Agreement in a sentence
On October 18, 2015 (the “Agreement Date”), the Company entered into the following agreements with Oprah Winfrey: the Strategic Collaboration Agreement, the Winfrey Purchase Agreement (defined below), and the Winfrey Option Agreement (defined below).
Strategic Collaboration AgreementThe Company and Ms. Winfrey granted each other certain intellectual property rights under the Strategic Collaboration Agreement.
In addition to the Nestlé Agreement, we and Nestlé Health Science concurrently entered into a Strategic Collaboration Agreement (the "Strategic Collaboration Agreement") pursuant to which we and Nestlé Health Science will collaborate to leverage the CodeEvolver® protein engineering technology platform to develop novel enzymes for Nestlé Health Science’s established Consumer Care and Medical Nutrition business areas.
Details of the Strategic Collaboration Agreement, Winfrey Purchase Agreement and Winfrey Option Agreement are below.
Under the Strategic Collaboration Agreement, we received an upfront payment of$1.2 million in 2017 and an incremental $0.6 million payment in September 2018 for additional services.