FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / dormancy-clause-interpretation-memo.docx
dormancy-clause-interpretation-memo.docx · 1007-00008

Parties

HARKNESS LLP
Vantage Mobility Systems Corp

Dates

July 18, 2023
June 21, 2022
March 22, 2023
July 14, 2023
March 14, 2023
July 20, 2023
August 3, 2024
June 21, 2024
December 21, 2023
June 20, 2027

Amounts

$2,400,000
$12,320,000
$20,000,000
$380,000,000
$1,000,000
$8,000,000
$3,200,000
$640,000
$1,920,000
$1,280,000

Obligations

At the expiration of the cap, the parties must enter mandatory renegotiation of the MESLSA terms, or either party may terminate the agreement
VMS must carefully manage several interacting contractual deadlines during the dormancy period
Upon the effective date of Dormancy Status: (a) Licensor's support obligations shall be reduced to critical-security-patch-only level; (b) all milestone deadlines under this Agreement and any applicable Statement of Work shall be tolled for the duration of the dormancy period; and (c) Licensee's obligations to make milestone-based payments shall be suspended until reactivation
Dormancy Status shall not exceed twelve (12) months from the date of Licensor's written acknowledgment thereof, after which the parties shall enter mandatory good-faith renegotiation of the terms of this Agreement, or either party may terminate this Agreement upon thirty (30) days' written notice
Licensee may reactivate the license at any time during the dormancy period by providing written notice to Licensor, whereupon Licensor shall resume full support obligations within a commercially reasonable time and all tolled deadlines shall resume
4, which states that dormancy "shall not exceed twelve (12) months from the date of Licensor's written acknowledgment thereof