Royalty Report: Food, Beverages – Collection: 343294

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Curated Royalty Rate Report
Category: Technology Licenses, Created On: 2022-04-28, Record Count: 3

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: 3

Primary Industries

  • Food
  • Beverages

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: 343294

License Grant
In this related party agreement, Licensor granted to Australian Licensee a non-exclusive and perpetual right and license to use all of the Licensor intellectual property. This Agreement provides that Licensee will have the sole and exclusive right to manage the BevMart business and the BevMart website through which BevMart will sell certain Licensee and Licensor-branded and/or licensed alcoholic drinks into the Australian market (for the Virginia Black American whiskey and Mod Section champagne online) and worldwide market (for all other Licensor and Licensee brands sold by BevMart).
License Property
Licensor has created a website known as BevMart.com.au which is intended to be the first direct to consumer online only retail store for alcoholic beverages in Australia;

Bevmart.com.au is an online beverage retailer.

Licensor owns the Formulations (hereinafter defined) for the “Covered Products” (as defined below), including Virginia Black American whiskey and Mod selection champagne; both of which are partly owned and promoted by the music artist “Drake

Field of Use
This agreement pertains to the (alcoholic) beverage industry.

IPSCIO Record ID: 259596

License Grant
Pursuant to the Licensing Agreement, the Licensee has the exclusive global distribution rights for the Licensors patented and patent pending technology for the processing of alcoholic beverages. The Licensor has agreed to assist in the installation and maintenance of the nano reactor systems for the Licensee and will receive royalty payments on all net revenues.
License Property
The Licensor has developed, patented, and commercialized proprietary technology that may be used in liquid processing applications including  alcoholic beverage enhancement.
Field of Use
The Licensee is a brand developer and distributor of alcoholic beverages and fluid processing home appliance.

IPSCIO Record ID: 319165

License Grant
Non-exclusive Grant by Licensor of Rights Regarding Evaluation of Enhancing Compounds  
     In Field I – Licensor hereby grants to Licensee a perpetual, nontransferable, non-exclusive, worldwide license under the Target IP to use Enhancing Compound(s) for evaluation in Field I.
     In Field II – Licensor hereby grants to Licensee a perpetual, nontransferable, non-exclusive, worldwide license under the Target IP to use Enhancing Compound(s) solely for evaluation in Field II.
    
Non-exclusive Grant by Licensor of Rights to Make and Have Made Selected Compounds
     Licensor hereby grants Licensee a perpetual, nontransferable, non-exclusive, worldwide license under the Target IP to make and have made Selected Compounds for use by Licensee and its Affiliates in Beverages and Beverage Bases in the Fields.
      
Non-Exclusive Grant of Rights by Licensor to Make, Have Made, Use and Sell Beverages and Beverage Bases with Selected Compound
     Licensor hereby grants to Licensee a perpetual, nontransferable, non-exclusive worldwide license under Target IP to make, have made, use and sell, Beverages and Beverage Bases that incorporate Selected Compounds in Field I.
    
Exclusive Grant of Rights by Licensor Regarding Selected Compounds and Beverages and Beverage Bases that Incorporate Selected Compounds
    Licensor hereby grants to Licensee a perpetual, nontransferable exclusive worldwide license under Target IP to make, have made, use and sell Beverages and Beverage Bases that incorporate Selected Compounds in Field I.
The license will include the right to sublicense the use and sale of Product Compounds to be embodied in a Competitive Product in Field I. The license will include the right to sublicense the use and sale of one Selected Compound (that is not a Product Compound) to be embodied in a Competitive Product in Field I, with the prior written consent of Licensor which will not be unreasonably withheld.

Co-Exclusive Grant of Rights by Licensor Regarding Selected Compounds and Powdered Beverage Bases incorporating Selected Compounds
    Licensor hereby grants to Licensee a perpetual, nontransferable co-exclusive, (only one other licensee) with respect to one other Third Party, worldwide license under Target IP to make, have made, use and sell powdered Beverage Bases incorporating Selected Compounds in Field II.

License Property
Compound means a substance that enhances the sweetness intensity of a sweetener.

Enhancing Compound(s) means a molecule (not including Licensee Compound) under the Control of Licensor that (i) has an enhancing effect on the sweetness of a sweetener at a concentration of no more than one part per million , and (ii) is not sweet when tasted at a concentration of  one part per million in the absence of a commercially available sweetener.

Selected Compound(s) means the Steering Committee will determine if an Enhancing Compounds in such Data Package will be selected for development under the Development Plan.

Product Compounds means Selected Compounds used by Licensee in Beverages or Beverage Bases.

Beverages means non-alcoholic beverages sold under the Trademarks of Licensee or its Affiliates made from Beverage Bases.

Beverage Base means concentrated flavor combinations made and sold by Licensee.

Target IP means the Licensor Patent Rights and Licensor Know-How on the composition of matter and use of (i) Enhancing Compounds, (ii) Selected Compounds and (iii) Beverages and Beverages incorporating Product Compounds.

Competitive Product means a product in Field I sold by a Licensee competitor.

Licensor develops novel flavor ingredients for the food, beverage, and ingredient supply industries.
The Licensor’s flavor programs are focused on creating new ingredients that enhance sweet, savory, salty, and cooling tastes, as well as ingredients that reduce bitter taste.  Licensor conducts research in the field of chemosensation, an objective of which is to study potential biological targets and develop assays for use in the discovery of compounds that will ultimately be commercialized as taste and olfaction products.

Field of Use
Field I means all non-alcoholic beverages with the exception of dry powdered beverages.
Field II means non-alcoholic dry powdered beverages.

Licensee creates beverages using cutting-edge excellence in ingredients, innovation, design and marketing.

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