Thursday, May 04, 2023 1:14:36 PM
“In March 2009, we entered into a license agreement with Swatch Group, Ltd. (“Swatch”) under which Swatch was granted a non-exclusive license to our technology to produce and market watches and certain other luxury products. In March 2011, this license agreement was amended to grant Swatch exclusive rights as to watches as against all third parties (including us), but non-exclusive as to Apple. We will receive royalty payments over the life of the contract on all Liquidmetal products produced and sold by Swatch. The license agreement with Swatch will expire on the expiration date of the last licensed patent.”
Source LQMT 10K.
https://www.upcounsel.com/an-exclusive-contract#:~:text=An%20exclusive%20contract%20is%20between%20at%20least%20two,provide%20new%20opportunities%20and%20bring%20in%20additional%20revenue.
https://juro.com/learn/exclusivity-meaning-exclusive-contract
So the more complicated questions might be this since Liquidmetal parts have possibly trickled onto LQMT’s footprint…
Is LQMT circumventing any exclusive agreements between LQMT and The Swatch Group, by collecting revenues from a competitor who contracted with a manufacturer in China and may have an agreement to pay LQMT X amount of $$$ per part? Is yihao obligated at all to pay out?
I don’t see any agreements to that are in effect between yihao and LQMT regarding Eontec and LQMT.
So did li vis-à-vis China circumvent the agreements to avoid sharing any $$$ sales where parts are sold outside of China’s footprint?
I can go on and on with the hypothetical questions. So far the only answers are is that LQMT has received squat.
And no lawsuits have been issued. So either we assume no laws are broken. Laws are broken. LQMT is in cahoots and on and on , which gets us nowhere but distracted from the fact that it has been well over a year since LQMT has announced any deal or 8K to increase shareholder value.
The hypotheticals and the hype mean bullshit until the bullshit increases the share price!
Good luck to all in LQMT.
Wish TC luck.
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