Purchase Solution

LTM Venture Inc. License Contract

Not what you're looking for?

Ask Custom Question

Sunday March 7, 2013

Terms and Conditions
AADI Computers Inc. will provide "Ultra Performance Power and Speed" technology to "LTM Venture Inc" for a one time license fee of $994,900 to be paid in Quarter 6, in exchange "LTM Venture Inc." will provide AADI Computers Inc. with "23 in High Resolution Monitor for Desktops" technology for a leasing fee of $1 in Quarter 6.

"LTM Venture Inc." will not re-license any technology provided by AADI Computers Inc in this contract. Therefore "LTM Venture Inc" will be prohibited from offering the "Ultra Performance Power and Speed" to any other company in the industry.

AADI Computers will not re-license any technology provide by "LTM Venture Inc" in this contract.Therefore AADI Computers Inc will be prohibited from offering the "23 in High Resolution Monitor for Desktops" to any other company in the industry.

AADI Compuers and LTM Venture INC. will not enter in any other licensing contracts with other teams for one quarter with AADI's "Ultra Performance Power and Speed" and LTM Venture Inc.'s "23 inch High resolution Monitor for Desktops". Once this quarter has ended each team may license these features to other teams as each team deems necessary individually.

In the case of breach of Contract, the Company whom breach the contract will agree to pay the other party damages of $3.5 Million Dollars (USD) in the following Quarter.

See attached

Purchase this Solution

Solution Summary

This solution explains the LTM Venture license contract from an accounting game scenario.

Solution Preview

Terms and Conditions
AADI Computers Inc. will provide "Ultra Performance Power and Speed" technology to "LTM Venture Inc" for a one time license fee of $994,900 to be paid in Quarter 6, in exchange "LTM Venture Inc." will provide AADI Computers Inc. with "23 in High Resolution Monitor for Desktops" technology for a leasing fee of $1 in Quarter ...

Purchase this Solution


Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Motivation

This tests some key elements of major motivation theories.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.