Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / ip-due-diligence-summary-memo.docx
ip-due-diligence-summary-memo.docx
Parties
Harkness LLP
Greenfield Agricultural Partners LLC
TerraVault BioSciences Inc
Proposed PrairieSense Technologies LLC
Velthorn IP Consulting LLC
PrairieSense Technologies LLC
Ridgeline Advisors LLC
Overview Greenfield Agricultural Partners LLC
Dates
October 24, 2022
October 3, 2022
October 17, 2022
March 9, 2021
October 25, 2021
November 1, 2022
August 15, 2022
Amounts
$12,000,000
$7,200,000
$4,800,000
$2,400,000
$1,800,000
$4,500,000
$2,700,000
$600,000
$42,000
$680
Obligations
To the extent that the fair market value of the contributed IP exceeds TerraVault's tax basis in the IP (which is likely, given that the IP was developed internally and may have a relatively low tax basis), the Operating Agreement's allocation provisions must address the allocation of built-in gain in accordance with IRC Section 704(c)