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olddog967

04/19/11 4:52 PM

#317431 RE: IDoCare #317428

IDoCare: The SEC required reporting requirement is for Material Definitive Agreements. However, the SEC has not set out any monetary or percentage guidance as to what must be reported. IDCC apparently will report a licensing agreement as a Material Definitive Agreement if they estimate revenue to be received to be 10% or more of total revenue. Whether it is per unit or fixed fee, or a combination would not matter.

Quote:
Does that apply for per unit licensees?