Royalty Report: Internet, Software, Gambling – Collection: 6285

$100.00

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

  • Internet
  • Software
  • Gambling
  • Storefront

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: 6285

License Grant
The Licensee wishes to obtain from the Licensor the exclusive right to improve, enhance, modify, and develop the Product including ownership of any new software and computer codes, trademarks and patents to the Product.
License Property
The Licensor has developed certain sports lottery schemes that demonstrate on-line betting applications within the entertainment and lottery industry.

IPSCIO Record ID: 418

License Grant
Licensee hereby receives and retains the unconditional, perpetual royalty-free right and license to exercise the Marketing Rights in the Territory. This grant of the Marketing Rights is non-exclusive, with Licensor retaining the right to market, distribute, sell or lease Products and otherwise use the On-Line Technology, subject to limitations set forth in this Agreement. The rights granted to Licensee pursuant to this Agreement shall include the right to exercise Marketing Rights with respect to the On-Line Technology, by any means and in any media whether now known or hereafter developed, to create Improvements on the On-Line Technology and to incorporate or combine the On-Line Technology into or with other products of Licensee or products which are marketed or distributed by Licensee, subject to the manufacturing rights of Licensor with respect to Products as set forth in this Agreement.
License Property
'PRODUCTS' shall mean (a) the 'Playpoint' and 'Counterpoint' dispensing units into which the Technology Enhancement has been incorporated, (b) any point of sale automated vending or dispensing devices or machines which utilize technology, know-how, processes and related equipment for the enhancement of instant ticket vending machines in order to enable the point of sale automated on-line activation and validation of instant winner lottery tickets, and (c) any other products as may, from time to time, be added to this definition by the parties' mutual consent.

The On-Line Technology is covered by the claim(s) of United States Patent 5,772,510 (and related International Patent Cooperation Treaty Publication Number WO 99/6696) and those aspects of claims seven (7) and eight (8) of United States Patent 5,222,624 (and claims seven (7) and eight (8) of related Canadian Patent Number 2,010,273) relating to bar code reading means (collectively the 'Licensed Claims');

Patents and technology relating to our on-line technology relating to the enhancement of instant ticket vending machines in order to enable the point of sale automated on-line activation and validation of instant winner lottery tickets.

Field of Use
Licensee desires to retain the unconditional and absolute non-exclusive right to market but not to manufacture or have manufactured, the technology, know-how, processes and related equipment for the enhancement of instant ticket vending machines in order to enable the point of sale automated on-line activation and validation of instant winner lottery tickets pursuant to the Licensed Claims.

IPSCIO Record ID: 7109

License Grant
The Licensor signed a two-part Patent and Software Licensing Agreement with the Licensee.

Per the first part of the Agreement, the Licensor grants to the Licensee an exclusive License (excepting one other Company that the Licensor is already in discussions with) to use the SportXction® Software System, including the right to subLicense the product, in the United States and Canada.

The other part of the Agreement provides the Licensee with the exclusive use (excepting one other Company that we are already in discussions with) of the Licensor's patents in the Unites States and Canada.

License Property
Prior to the signing of this Agreement, the Licensee previously had non-exclusive use of the Licensor's patents.  This was the result of the Licensee previously purchasing certain sports wagering assets from Progressive Gaming International Corporation, prior to PGIC’s bankruptcy.

SportXction® System, enables users to wager at fixed prices during the course of a sporting event, such as soccer, football, baseball, basketball, golf, tennis and cricket. The SportXction® System accepts bets not only on the outcome of a sporting event, but also on discrete parts of the event and on specific game situations.

Rapid Bet Live is a real-time betting module used with Primeline that allows patrons to place live action wagers (intra-game wagers) on various betting options that run throughout an entire sporting event.

Field of Use
The rights granted apply to sporting industry.
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