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Sunday, April 28, 2019 7:21:59 PM
? Successful completion of the development of product samples by the end of year 1, provided there are no delays which are under the control of Licensee, its Affiliates or Subcontractors and any such delays not under their control will be deemed to extend such period, commensurate with such delay.
? Successful completion of product scale-up and receipt of regulatory marketing approval by the end of year 3, provided there are no delays which are under the control of Licensee, its Affiliates or Subcontractors and any such delays not under their control will be deemed to extend such period, commensurate with such delay.
? First commercial sale by the end of year 3 in any of the following territories: US, Canada, Japan, western Europe, provided there are no delays which are under the control of Licensee, its Affiliates or Subcontractors and any such delays not under their control will be deemed to extend such period, commensurate with such delay.
? $50,000 in annual sales each year from years 5-9
? $100,000 in annual sales each year from year 10 onwards
SCAM!
* PPO = Pretty Pathetic Operation.
I love Carrots. But that is just my opinion. Like all of my posts are just my opinion. As in "MY OPINION ONLY".
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