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Commercialization Agreement

November 23, 2011 by agri in General agreements with 0 Comments
The commercialization agreement is a binding contract made between two parties, one of whom is the company initiating the commercialization and second is the other company or third party who is helping the initialization of commercialization.

Sample Commercialization Agreement

Commercialization Agreement

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Company represented by

Mr. John Doe

PLN Associates

Address: 640 East Capitol Street NE, Washington DC 20003

Contact number: (202) 364-1911

Third Party represented by:

Mr. Alex Bell

AS Enterprises

Address: 1901 D Street, SE, Washington, DC 20003

Contact number: (202) 673-7316

Terms and Conditions:

  • Under the Commercialization Agreement, “AS Enterprises” will exert their best efforts towards implementing the various activities related to “Commercialization” as described under the “Project” section in Chapter 6 of Schedule 2 and conduct this mentioned project in accordance to the mentioned project description as well as the current “Business Plan”.
  • Within forty five (45) days from the closing of the calendar quarter “AS Enterprises” will provide “PLN Associates” with the following: (a) the operating statement, which reflects the Project’s overall financial activity in the previous quarter; (b) A calculation with appropriate data reflecting the Gross Cash Proceeds based on the “Operation Agreement”; and (c) Itemization of the reimbursable expenses of “AS Enterprises”.
  • As requested by “AS Enterprises”, “PLN Associates” will have the obligation to exert their best efforts towards supporting the “Project” and needs to cooperate with “AS Enterprises” for executing its obligations as mentioned in the Commercialization Agreement or Master Agreement.

IN WITNESS WHEREOF, the parties “Company” and “Third Party” have executed this Commercialization Lease agreement as on the date set forth which is 11/18/2011 (MM/DD/YY).

SIGNED FOR AND ON BEHALF OF COMPANY BY:

…………………………………………………………….

Name:

SIGNED FOR AND ON BEHALF OF THIRD PARTY BY:

…………………………………………………………….

Name:

———————

Commercial Agreements

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