Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / dormancy-notice-letter-vms-to-mct.docx
dormancy-notice-letter-vms-to-mct.docx
Parties
Vantage Mobility Systems Corp
Harkness LLP
Counsel Vantage Mobility Systems Corp
M. Okafor
Dates
July 14, 2023
June 21, 2022
June 20, 2027
March 14, 2023
March 22, 2023
February 28, 2023
October 3, 2022
January 15, 2023
July 20, 2023
December 21, 2023
Amounts
$20,000,000
$1,280,000
$2,400,000
$8,000,000
$1,920,000
$3,200,000
$12,320,000
Obligations
VMS contends that, as a matter of contract interpretation and fundamental fairness, the annual maintenance fee must be abated or prorated to reflect the substantially reduced scope of support that MeridianCode is obligated to provide during the dormancy period
The invocation of Dormancy Status is independent of, and shall have no bearing upon, the parties' respective positions regarding intellectual property ownership of the VMS Derivative Modules or any other derivative works
The invocation of Dormancy Status is a contractual right expressly provided for in the MESLSA, and VMS's exercise of that right shall not give rise to any inference of abandonment, forfeiture, or waiver