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Saturday, June 23, 2007 12:50:31 PM
That will take you to three relevant paragraphs. One describes the Option itself. A second decribes the "Term" of the Agreement. And the third takes you to the reference you are asking about.
What you'll find is that the option only applies to SNP Intellectual Property developed during the seven year "term" of the agreement...which should expire Sept 19, 2007.
The 25 year provision only applies to SNP Intellectual Property developed during the "term", AND that has not been previously sold or partnered.
Later,
W2P
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