Precisely, so if there are no products to sell, the sales quota is not met and the license expires. The licensee is left with nothing. So either sue for misrepresentation on the basis that the agreement assumed a product would be available for sale, try to negotiate an extension (assuming that option was on the table from IH), or accept a buy out of the license for original price plus.
That is what I assumed since it was reported some of the licensees had received a buyout. Ransom From: Alan Fletcher [mailto:[email protected]] Sent: Wednesday, November 19, 2014 8:24 PM To: [email protected] Subject: Re: [Vo]:ecat license buyback A kind reader sent me the link. Thank you. http://shutdownrossi.com/wp-content/uploads/2012/10/Leonardo-Corporation-Exclusive-India-E-Cat-License-S.pdf This particular one was for Roger Greene/Indian Sub-continent (unsigned) ... with the year 2012 printed on the form. It was for three years, and would only be renewed automatically if sales exceeded 10M. So it would expire next year if there were no sales.
