Replies to post #18918 on Radient Pharmaceuticals Corporation fka RXPC

[jimtash]

We will see. Hopefully this won't be dragged out into late 2014 and into 2015. The AS are all out as far as we know unless they've diluted it even further with new shares. But Radient has been good about keeping us up to date with share counts in their 8K's.

[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.

[lakeshore555]

dcspka, you said: "These "licensing deals" are written up to be modified as is convenient for the principal parties. "

That is an unsubstantiated opinion. Therefore, you think it is not worth much. I agree.