Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / settlement-term-sheet.docx
settlement-term-sheet.docx
Parties
Harkness LLP
Cao LLP
Dates
August 2, 2023
April 3, 2023
July 10, 2023
September 13, 2023
November 12, 2023
January 1, 2019
August 14, 2023
Amounts
$1,620,000.00
$1,425,000.00
$712,500.00
$195,000.00
$1,100,000.00
$520,000.00
$1,620,000.00. 2.3
$0.035
$175,000.00
$525,000.00
Obligations
Defendant shall pay to Plaintiffs and their counsel a total cash settlement payment of One Million Six Hundred Twenty Thousand Dollars ($1,620,000
The Settlement Amount shall be allocated as follows: (a) Back-Royalties — $1,425,000
00) shall be paid as compensation for back-royalties owed for the unauthorized streaming and sublicensing of the Works during the period at issue in the Action
This back-royalty component shall be further allocated as follows: (i) Composition Royalties
Each Party shall be solely responsible for the payment of any taxes, interest, or penalties assessed against it arising from or related to the payments described herein
The Parties acknowledge that the characterization of payments for tax purposes shall be further addressed in the Definitive Agreement