TechnologyTransferandRoyaltyAgreement技术过户协定doc.docx

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TechnologyTransferandRoyaltyAgreement技术过户协定doc.docx

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TechnologyTransferandRoyaltyAgreement技术过户协定doc.docx

TechnologyTransferandRoyaltyAgreement技术过户协定doc

TechnologyTransferandRoyaltyAgreement技术过户合同-

ThisTechnologyTransferandRoyaltyAgreement(thisAgreement)isenteredintobyandbetweenAAACorporation,a_________(PLACENAME)corporation(AAA)andBBBCorporation,a_________(PLACENAME)corporation(BBB)effectiveasof_________,_________,_________(M/D/Y).

 

A.AAAdesirestowaiveandreleasecertainrightsofreversionithaspursuanttoacertainAssignmentofInventionsdatedasof_________,_________,_________(M/D/Y),andtotransfertoBBBallrightsincertaintechnology.

B.Inconsiderationfortheforegoing,BBBiswillingtopayAAAcertainroyalties,allassetforthmorefullyherein.

 

NOWTHEREFORE,thepartiesagreeasfollows:

 

1.CERTAINDEFINITIONS.

 

(a)AssignmentmeansthatcertainAssignmentofInventionsdatedasof_________,_________,_________(M/D/Y).

 

(b)GrossRevenuesmeansonehundredpercent(100%)ofallamountsaccruedbyBBB,itssubsidiariesanditsaffiliates,asrevenues,undergenerallyacceptedaccountingprinciplesconsistentlyapplied,fromallsourceswhatsoeverworldwide,includingwithoutlimitationrevenuesfromsalesofproperty,whetherreal,personal,tangibleorintangible,fromsalesofservices,andfromleasesandlicensesofpropertyrightsofeverykind,butshallnotincludeanyamountsreceivedforsales,useorothertransactiontaxes,dutiesorshippingcosts.

 

(c)ReversionRightsmeansthoserightsofreversionprovidedtoAAAintheAssignment.

 

(d)RoyaltyTermmeanstheforty-eight(48)consecutivecalendarquarters,commencingwiththefirstcalendarquarterafterthedateofthisAgreementinwhichBBBhasoperatingrevenuesfromcommercialsubscriptions,advertisingsalesand/orconsumerproductroyaltiesor,attheelectionofAAA,anycalendarquarterpriorthereto.

 

(e)TechnologymeansalltechnologydevelopedbyAAAduringtheperiodbeginningonthedateoftheAssignmentandendingonthedatehereof,whichrelatesdirectlytotheinventionsassignedbyAAApursuanttotheAssignment.

 

2.RELEASE,WAIVERANDTRANSFER.InconsiderationofthepaymentofroyaltiesbyBBBassetforthinSection3below,AAAherebyreleasesandwaivestheReversionRights,andtransferstoBBBallofitsrightsinandtotheTechnology.

 

3.PAYMENTOFROYALTIES.Inconsiderationoftherelease,waiverandtransfermadebyAAApursuanttotheprovisionofSection2above,BBBherebyagreestopaytoAAAroyaltiesequaltotwopercent(2%)ofBBB’sGrossRevenuesforeachcalendarquarterintheRoyaltyTerm.BBBshallmakethepaymentsduetoAAAhereunderwithrespecttoGrossRevenuesforeachofthefirstfour(4)calendarquartersintheRoyaltyTermnotlaterthansevenhundredfifty(750)daysaftertheendofsuchcalendarquarter.BBBshallmakethepaymentsduetoAAAhereunderwithrespecttoGrossRevenuesforeachofthesecondfour(4)calendarquartersintheRoyaltyTerm(i.e.,thefifththrougheighthcalendarquartersintheRoyaltyTerm)notlaterthanthreehundredeighty-five(385)daysaftertheendofsuchcalendarquarter.BBBshallmakethepaymentduetoAAAhereunderwithrespecttoGrossRevenueforeachcalendarquarterintheRoyaltyTermthereafternotlaterthantwenty(20)daysaftertheendofsuchcalendarquarter.EachquarterlypaymentshallbeaccompaniedbyareportstatingtheamountofGrossRevenuereceivedbyBBBduringthequarter.

 

4.AUDITEDFINANCIALS,RECORDKEEPINGANDINSPECTION.BBBherebyagreestoprovidetoAAAunauditedfinancialstatementsforeachcalendarquarterintheRoyaltyTermwithinthirty(30)daysfollowingtheendofsuchcalendarquarter.BBBherebyagreestoprovidetoAAAfinancialstatementsauditedbyaBigSixaccountingfirmforeachcalendaryearincludinganycalendarquarterintheRoyaltyTermwithinninety(90)daysfollowingtheendofsuchcalendaryear.IftheGrossRevenuesreportedonsuchauditedfinancialstatementsdiffersfromthecumulativeamountsshownonthequarterlyreportsforsuchcalendaryear,BBBshallmakeanadjustmentpaymenttoAAAiftheamountsshownonthequarterlyreportsweretoolow,orAAAshallmakeanadjustmentpaymenttoBBBiftheamountsshownonthequarterlyreportsweretoohigh,withintwenty(20)daysfollowingdeliveryoftheapplicableauditedfinancialstatement.BBBshallkeepatitsusualplaceorplacesofbusinesscompleterecordsofitsGrossRevenuesforeachcalendarquarter,foraperiodofnotlessthanthree(3)yearsfollowingtheendofsuchcalendarquarter,andtoregularlymakeentriesinsuchrecordsatitsearliestbusinessconvenienceforthepurposeofshowingtheamountspayabletoAAAhereunder.Onnotlessthanten(10)dayswrittennotice,AAAshallhavetheright,notmorethanonceduringanytwelve(12)monthperiodatmutuallyagreedupontimesduringnormalbusinesshoursatAAA’sexpense,toexamineanyandallofBBB’srecordsreflectingGrossRevenuesforthesolepurposeofverifyingtheaccuracyofBBB’sreportsofGrossRevenuesandtheperformanceofBBB’sobligationstomakepaymentshereunder.IntheeventthatanysuchexaminationbyAAAdisclosesanerrorinthedeterminationofanyamountsduehereunderthatisconfirmedbyBBB’sindependentauditors,BBBshallmakeanadjustmentpaymenttoAAAiftheamountpreviouslypaidwastoolow,orAAAshallmakeanadjustmentpaymenttoBBBiftheamountpreviouslypaidwastoohigh,withintwenty(20)daysfollowingsuchindependentauditor’sconfirmationoftheerror.IntheeventthatanysuchexaminationbyAAAdisclosesanerrorinthedeterminationofanyamountsduehereunder,thatisconfirmedbyBBB’sindependentauditors,suchthatamountpreviouslypaidtoAAAwastoolow,AAAthereaftershallbeentitledtoexamineBBB’sbooksandrecordsonaquarterlybasis.

 

5.NOVATION.IfafirstunderwrittenregistrationoftheofferingofthecommonstockofAAAdoesnotbecomeeffectiveonorbefore_________,_________,_________(M/D/Y),theneffective_________,_________,_________(M/D/Y)thisAgreementshallbeextinguished,andallrightsandobligationscreatedherebyshallterminate.

 

6.ATTORNEYS’FEES.IntheeventeitherpartyshallcommenceanyactionorproceedingagainsttheotherpartybyreasonofanybreachorclaimedbreachintheperformanceofanyofthetermsorconditionsofthisAgreementortoseekajudicialdeclarationofrightsunderthisAgreement,theprevailingpartyinsuchactionshallbeentitledtorecoverreasonableattorneys’feesandcostsfromthenon-prevailingparty.

 

7.CONTROLLINGLAW.ThisAgreementisenteredintoandtobeperformedin_________(PLACENAME),anditshallbeinterpretedandenforcedunder,andallquestionsrelatingtheretoshallbedeterminedinaccordancewiththelawsoftheStateof_________(PLACENAME).

 

8.WAIVER.NowaiverofanyprovisionofthisAgreementshallbedeemedorshallconstituteawaiverofanyotherprovision,whetherornotsimilar,norshallanywaiverconstituteacontinuingwaiver.Nowaivershallbebindingunlessexecutedinwritingbythepartymakingthewaiver.

 

9.PARTIALINVALIDITY.Theillegality,invalidityorunenforceabilityofanyprovisionofthisAgreementunderthelawofanyjurisdictionshallnotaffectitslegality,validityorenforceabilityunderthelawofanyotherjurisdictionnorthelegality,validityorenforceabilityofanyotherprovision.

 

10.ENTIREAGREEMENT.ThisAgreementisintendedbythepartiesasafinalexpressionoftheiragreementandasacompleteandexclusivestatementofthetermsoftheiragreementwithrespecttoitssubjectmatter.ThisAgreementmaynotbecontradictedbyevidenceofanypriororcontemporaneousagreement,oralorwritten,andthisAgreementmaynotbeexplainedorsupplementedbyevidenceofconsistentadditionalterms.ThisAgreementsupersedes,merges,andvoidsallpriorrepresentations,statements,negotiations,understandings,proposedagreements,andotheragreements,writtenororal,relatingtoitssubjectmatter.

 

11.AMENDMENTS.ThisAgreementmaynotbeamended,modifiedorsupplementedexceptbyawritingexecutedbybothparties.

 

12.COUNTERPARTS.ThisAgreementmaybesignedincounterparts,eachanoriginalbutalloneandthesameinstrument.

 

13.SUCCESSORSANDASSIGNS.ThisAgreementshallinuretothebenefitofthesuccessorsandassignsofCompanyandanysuccessorsandpermittedassignsofBBB,andshallbebindinguponthesuccessorsandassignsofCompanyandofBBB.

 

14.FURTHERASSURANCES.ThepartiesheretoshalldoandperformorcausetobedoneandperformedallsuchfurtheractsandthingsandshallexecuteanddeliverallsuchotherdocumentsasanyotherpartymayreasonablyrequestfromtimetotimeinordertocarryouttheintentandpurposeofthisAgreementcontemplatedhereby.NeitherAAAnorBBBshallvoluntarilyundertakeanycourseofactioninconsistentwithsatisfactionoftherequirementsapplicabletothemsetforthinthisAgreementandeachshallpromptlydoallsuchactsandtakeallsuchmeasuresasmaybeappropriatetoenablethemtoperformasearlyaspracticabletheobligationshereinrequiredtobeperformedbythem.

 

15.NOTICES.AnynoticeorothercommunicationrequiredorpermittedunderthisAgreementshallbeinwritingandeitherpersonallydeliveredordepositedinthefirstclassUnitedStatesmail,prepaid,certifiedorregistered,returnreceiptrequested,addressedasfollows:

 

(a)IftoAAA:

AAACorporation

_________(address)

Attn:

_________

withacopyto:

CCCLLP

_________(address)

Attn:

_________

 

(b)IftoBBB:

BBBCorporation

_________(address)

Attn:

_________

 

Noticeshallbedeemedtohavebeengivenuponreceipt.Eitherpartymaycha

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