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
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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