Licensing

Questions and solutions related to REELEX licensing and the license agreement

What do I need to do to become a REELEX licensee?
1. Sign Agreement License Fee There is a one time License Fee of $7,500 associated with the signing of the License Agreement. This transaction indicates t...
Mon, 8 Apr, 2019 at 1:55 PM
What are royalties and how much do they cost?
Like many licensing arrangements, the customer, or “Licensee”, pays REELEX system usage fees, or “royalties”, that are based upon the production capability ...
Mon, 8 Apr, 2019 at 1:50 PM
Why a License Agreement business model?
Simply put - because REELEX could not survive on machine sales alone. Our annual machine sales are not very many, and thus with 40+ employees the cost of ru...
Tue, 26 Mar, 2019 at 10:12 AM
What do you mean by "know-how"?
Fundamental to REELEX licensing is the concept of "know-how". The REELEX coil and the methodology is trade secret, and has never been patented. Thi...
Tue, 26 Mar, 2019 at 10:14 AM
Does one License Agreement cover all of my factories?
License agreements signed in 2013 or later include global coverage. Previous to 2013, individual agreements were signed per country. For companies with multi...
Tue, 26 Mar, 2019 at 10:19 AM
Do I have to sign a new License Agreement for every REELEX machine I acquire?
No. You sign only one License Agreement. This agreement gives you full access to REELEX patents, trademarks, and know-how, including package designs, consul...
Tue, 26 Mar, 2019 at 10:21 AM
Why don't you offer discounts on fees, machines or parts?
All License Agreements contain a “Most Favored Licensee” clause. This clause states that any changes to pricing will be made available to all licensees equa...
Mon, 8 Apr, 2019 at 1:23 PM
Why a License Agreement?
Because the REELEX system is a patented technology, the authorized use of these patents, associated trademarks and know-how is administered through the sign...
Mon, 8 Apr, 2019 at 1:25 PM