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University of Mississippi ("UM") Agreements (Detail Textuals) (Intellectual Property, USD $)
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1 Months Ended | 0 Months Ended | |
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Jul. 31, 2013
University of Mississippi ("UM") Agreements
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Sep. 29, 2014
Option Agreement
Installment
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May 15, 2014
Option Agreement
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| University Of Mississippi Agreements [Line Items] | |||
| Term of memorandum of understanding agreement | 5 years | ||
| Notice period for termination | 3 months | 60 days | |
| Normal option fee waived per month by University of Mississippi | $ 7,500 | ||
| One time up front payment | 65,000 | ||
| Number of installments | 4 | ||
| Annual fees payable | 25,000 | ||
| Reimbursement of sunk patent expenses | $ 70,000 | ||
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- Definition
This element represents annual fees payable as per licence agreement. No definition available.
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- Definition
This element represents normal option fee waived per month during the period. No definition available.
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- Definition
This element represents written notice period for termination under agreement by either party. No definition available.
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- Definition
This element represents number of equal monthly installments. No definition available.
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- Definition
This element represents amount of one-time upfront payment. No definition available.
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- Definition
This element represents amount of reimbursement of sunk patent expenses. No definition available.
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- Definition
This element represents duration of an agreement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Includes, but not limited to, weeks in a year or quarter. No definition available.
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- Details
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