Lightwave Logic Inc (LWLG)

[Rkf302]

Loophole explaining Deals….

loophole73
Monday, May 16, 2022 9:37:30 AM
Re: None
PlusOneCoin Icon
0
Post# of 100844 Go
Typically, a joint development relationship involves several matters that are contained in a letter of intent. Additional documents define certain agreements and are known as Memoranda of Understanding (MOU). The end goal of all of the various written documents is the successful completion of the goals which result in the ability of the parties to place the work product in commerce with the various targeted end users. The interim period from the initial signing of the documents until success or failure of the project usually allows the parties to walk away. The documents are considered void except any matters identified in the non-disclosure agreements survive the relationship and are enforceable by the parties. These arguments about whether the company has deals in place or not are a waste of time. The success of the project will naturally attract demand from end users at which time any remuneration agreements in favor of LWLG will be reflected in revenue reporting. We may see it before the usual quarter reporting if the company decides to provide guidance if, as and when the products resulting from the joint development agreements are accepted in commerce by the various targeted end users. The company may announce agreements, but the segment of the industry they will engage in business usually does not want the financials disclosed in the PR's.

MO
loop