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Contracts Commercialisation of Intellectual Property

November 11, 2010

This week I finalised a complicated deal between my client which owns some valuable patents and trade secrets and a large US company.

It involved:

(a) the company subscribing for shares;

(b) the money being used to repay debt;

(c) the company agreeing to fund further development of some new technology;

(d) a licensing deal with a related company to commercialise the products;

(e) the company getting 5 separate options to purchase more share after commercialisation of the products, for a percentage of the gross income from the sale the products in the previous year;

(f) various other minor documents; and

(g) 2 executives and a lawyer flying out from the United States, arriving on Tuesday to finalise the document and sign them all before flying back again Thursday morning at 2.00am.

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