Licensing
Questions and solutions related to REELEX licensing and the license agreement
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
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
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
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
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
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
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
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