Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

Geographic exclusion with my filled in implication


Quote:
2.3. Territories. Eontec shall take such action and measures as shall be necessary to ensure that Eontec Licensed Products (in all form, shapes, and technology) are not sold or resold in or into the LMT Exclusive Territory by Eontec or any other party in the chain of distribution (whether as a part of a finished product assembled or produced by a third party or otherwise) without first obtaining the prior written consent of LMT. LMT shall take such action and measures as shall be necessary to ensure that LMT Licensed Products (in all form, shapes, and technology) are not sold or resold in or into the Eontec Exclusive Territory by LMT or any other party in the chain of distribution (whether as a part of a finished product assembled or produced by a third party or otherwise) without first obtaining the prior written consent of Eontec


In simple English

LQMT is not allowed to sell any products into Eontec territory independent of technology.
e.g. if LQMT is to invent the next "life time" battery cells that can be charged from air, they will not be able to sell them in China without paying royalty to Eontec

Eontec is not allowed to sell any products into LQMT territory independent of technology.
e.g. Eontec will not be able to sell any magnesium or aluminum products in USA or Europe without paying royalty to LQMT

Any objection there........