Considering the new agreement with Rice, if I were the one making a business plan, I would propose a time table to my royalty company that I expect to meet well ahead of schedule. I would want to ensure I had sufficient time to handle any possible risk in establishing my production lines. I would try to avoid going back to the royalty company again for extension.
I personally hate waiting to the last minute or squeezing my deadlines. It's just not a good way to set up for success. Of course, this is just my opinion on how I would run my business.
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