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Re: Jimmy777 post# 19858

Tuesday, 10/09/2012 9:31:51 AM

Tuesday, October 09, 2012 9:31:51 AM

Post# of 233340
Jimmy....just because LQMT signed an agreement with no provisions for royalties with APPLE , doesn't mean that will happen again. Visser is now on board...hopefully that means something. And remember, the APPLE agreement had a limit. I guess now its been extended two years I forget the specifics, but before the extension, the contract stated anything developed after the APPLE/LQMT agreement end date would not fall under the exclusivity part even for CE. Another contract would have to be signed for those "discoveries". I'm not sure now if the two year extension also extends that part of the contract...that discoveries for an addition two years will be APPLES exclusively. That is my understanding. Remember some were confused on that issue. They thought APPLE owned all CE in perpetuity.....they only own what is developed under the timelimited contract. And I think we are still in the dark about what is involved with the next two years....if royalties are involved or is it just the extension of the same agreement.
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