Replies to post #85108 on Quantum Materials Corp. (fka QTMM)

[Ecomike]

Yep!

To me this is the most important part of that agreement.

A free R$D department.

Quote:ARTICLE V

INTELLECTUAL PROPERTY



Section 5.1 Improvements.

All developments, including inventions, whether patentable or otherwise, discoveries, ideas, improvements, trade secrets, and writings which arise from, are in connection with or relate to the Licensed Products or the Licensed Technology, and which the Licensee, either by itself or in conjunction with any other entity, entities, person or persons, has acquired, acquired knowledge of, conceived, developed or made while engaged in any activity on behalf of or while acting for the Licensor or otherwise as contemplated by the MOU and the other agreements, certificates, documents and other instruments contemplated by the MOU during the term of this Agreement (the “Improvements”), shall, on and after the start of the Term, be owned by and shall become the sole and exclusive property of the Licensor. The Licensee hereby assigns, conveys and transfers, and agrees to so assign, convey and transfer to the Licensor, all of its right, title and interest in and to any and all such Improvements and to disclose in writing to the Licensor, as soon as practicable, all Improvements that it believes in its good faith judgment may be of material significance to the Licensor, and to reduce any such Improvements to writing at the request of the Licensor if it has not already done so. At any time, and from time to time, upon the request and at the expense of the Licensor, the Licensee will, and will cause its Agents to, execute and deliver any and all instruments, documents and papers, give evidence and do any and all other acts which, in the reasonable opinion of counsel for the Licensor, are or may reasonably be necessary or desirable to document such transfer or to enable the Licensor to file and prosecute applications for and to acquire, maintain and enforce any and all patents, trademark registrations or copyrights under United States or foreign law with respect to any such Improvements or to obtain any extension, validation, reissue, continuance or renewal of any such patent, trademark or copyrights.




Quote:Originally planned to occupy 20,000 sq. ft., Tech City is now being constructed to a 75,000 sq. ft. footprint, with redesigned waste management and recycling systems to support the multi-story quantum dot laboratory and factory complex.

[Kurt_Banoffee]

To me this is the most important part of that agreement.

A free R$D department.

Here is the fly in that ointment. The Licensee in the agreement you cited isn't going to do any R&D, much less develop anything. They don't even have the money to make their up-front license payment.

As we all know, there is another license agreement out there with Amtron, the party with the money. Interestingly that one hasn't been shared with investors.

On November 19, 2018, the Company issued a press release that it entered into a License and Development Agreement to establish large scale quantum dot production in Assam, India with Amtronics CC as licensee. On November 23, 2018, an additional License and Development Agreement has been entered into by the Company and the two licensee parties to the agreement are Amtronics LLC and Assam Electronics Development Corporation Ltd. (AMTRON).

Note that Amtron wasn't added to the Amtronics License agreement. It's a whole new agreement. Despite being signed just a few days later, they decided to keep it secret. I wonder why? What's in it... and not in it...

In reality, we know nothing about the financial aspects of the project in India because we have no idea what's in the only agreement that likely matters.

[puravida19]

I agree. Great IP clause giving QMC/Amtronics India rights to any advancement and any patents that are made.

edit-
San Marcos nanotech students are great, but we have onsite funded QAMRONICS engineers and employees!