Radient Pharmaceuticals Corporation fka RXPC

[lakeshore555]

No. The licensing deals are binding legal contracts. You are not reading the agreement's termination provisions with comprehension.

Neither party can modify the agreement. It's not disposable. Radient can't terminate the agreement as long as UNI makes the royalty payments.

UNI can terminate the agreement if they want, simply by refusing to pay the annual royalty payments. If the patents expire, they will do that.

Specifically, and this could really not be any clearer, the only ways either party can terminate the agreement is if:

11.1.i The last patent expires (UNI would not need to pay Radient anything at that point);

11.1.ii UNI decides to stop selling DR-70;

11.1.iii UNI stops making the $100,000 annual payments;

11.2 the other party commits a material breach or fails to perform.