Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-license-back-market-survey.docx
memo-license-back-market-survey.docx
Parties
Harkness LLP
Quorum Insurance Holdings Corp
Ashe LLP
The Pinnacle Ridge Advisory LLC
Dates
March 8, 2023
August 22, 2023
February 14, 2023
Amounts
$6.0
$60
$10.8
$12.3
$60,000,000
Obligations
The most common approach, observed in approximately twenty (20) of the thirty-five (35) surveyed agreements, permitted the licensee to retain ownership of and continue to use Derived Data following termination or expiration of the agreement, subject to two conditions: (i) all raw licensor data must be returned to the licensor or destroyed within a specified period (commonly thirty (30) to ninety (90) days) following the effective date of termination, with the licensee providing a certified officer's certificate confirming return or destruction; and (ii) the Derived Data retained by the licensee must not contain or permit reconstruction of the licensor's raw data
If the perpetual license-back demanded by Meridian is combined with Meridian's separate demand that Quorum destroy its Derived Data upon termination, the result would be a one-sided outcome in which: (a) Meridian retains perpetual access to all Derived Data created by Quorum during the term of the MDLA, including QuorumScore™ outputs, for Meridian's own internal and commercial purposes; while (b) Quorum loses access to its own derived creations — the products of Quorum's substantial investment in proprietary data, model development, and analytics capabilities — and is required to destroy them