Description
This collection of transactions and supporting information was developed using our AI algorithm to curate similar royalty reports into a cohesive collection to support your licensing, transfer pricing or other transaction scenarios where documented royalty rates and/or deal terms are important.
Category: Technology Licenses
Created On: 2022-04-28
Record Count: 4
Primary Industries
- Energy & Environment
- Energy Resources & Svcs
- Oil & Gas Extraction
- Biomass
IPSCIO Report Record List
Below you will find the records curated into this collection. This summary includes the complete licensed property description so that you can review and determine if this collection covers the topics, technology or transaction type that is relevant for your needs. The full report will include all relevant deal data such as the royalty base, agreement date, term description, royalty rates and other deal terms. For reference, here is a sample of a full IPSCIO curated royalty rate report: Sample Report
IPSCIO Record ID: 29242
License Grant
The Licensee entered into an agreement with an undisclosed Licensor, which is focused on commercializing new technologies to grow and harvest oil from algae, The Licensee is unable to determine at this time if it will be able to commercially utilize the intellectual property.
Field of Use
The rights granted apply to the oil market.
IPSCIO Record ID: 385702
License Grant
Licensor grants an exclusive license to use the Licensed Technology to construct and operate the Units in the Territory during the Term in the Field-of-Use and the right to sell Licensed Products worldwide. The right of Licensee to use any and all Software shall be governed by the terms of a separate Software licensing agreement.
Licensee will construct and operate ten facilities for the growing and harvesting of algae for the production of oil and biomass which utilize and incorporate the Licensed Technology.
License Property
Licensor has developed and is developing the Licensed Technology into a proprietary production system for the growth and harvesting of algae for the production of oil and biomass, the System.
Fuel Products shall mean any and all products generated by the Licensed Technology that possess the characteristics of petroleum and petroleum bi-products created from the processing and refining of crude oil.
Licensed Products shall mean any oil, biomass, or other saleable item produced by Licensee, its Affiliates, any Sublicensee, or any unauthorized party related to Licensee, its Affiliates or Sublicensees using the Licensed Technology.
Meal Products shall mean any and all co-products created by the Licensed Technology that are remaining after the removal of the Fuel Products.
Software shall mean the computer programs required to operate the System. The System utilizes a custom suite of software, the Software.
Field of Use
The commercial, scalable solution comprises a proprietary library of algae that combines the characteristics of rapid growth rate and high oil content. The algae are cultivated in modular bioreactors that can be operated cost-effectively at commercial scale with harvesting occurring on a continuous basis.
IPSCIO Record ID: 326362
License Grant
Licensor granted Licensee to use the Oil Sands Technology. Licensor grants Licensee the ability to utilize such intellectual property, together with any additional intellectual property developed by Licensor, in accordance with the terms of the License in any future oil sands plants built by Licensee in the United States.
License Property
Oil Sands Technology means the processes for the recovery of oil from oil sands, patents, other intellectual property and know-how.
Licensor is a clean technology company focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits.
Field of Use
The field of use is for oil-extraction which recovers oil from oil sands.
Licensee is a company that explores the potential to deploy oil sands separation technology.
IPSCIO Record ID: 28589
License Grant
Licensor hereby grants to Licensee, an irrevocable, fully paid-up, royalty-free (except as otherwise provided) exclusive, transferable and subLicenseable License, for a method of recovery of stranded oil from an existing mature oil field with specific characteristics using an enhanced oil recovery method.
License Property
The License includes the right to apply for, register and obtain any patents, inventors’ certificates, patent applications, copyrights, Trademarks and other rights.
The Licensed Intellectual Property means all of the Know-How and other Intellectual Property Rights which Licensor has created, relating to the recovery of stranded oil from an existing mature oil field with specific characteristics using an enhanced oil recovery method.
Field of Use
The rights granted apply to the method of recovery of stranded oil from an existing mature oil field with specific characteristics using an enhanced oil recovery method.
The Method is known as Underground Gravity Drainage, which uses conventional mining processes to establish a chamber underneath such oil reserves from where closely spaced wellbores can be drilled up into the oil reservoir, using gravity to then drain the targeted reservoir through the wellbores (referred to generally as the UGD Process); and the process, procedures, protocols, formulae, criteria and methodology for determining which oil fields are more suitable for the recovery of such stranded oil through application of the UGD Process (referred to generally as the Selection Process), and the term Licensed Intellectual Property shall include any and all Licensor Improvements.
Licensee may only transfer or subLicense the License to subsidiaries of the Licensee where at least a majority of the voting capital stock of such subsidiary is owned by Licensee and/or in connection with a Corporate Event.
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