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The Licensing Process |
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FII's business plan is to have appropriate entities manufacturing BioHavens under license in strategic locations around the world. FII would effectively lease its Intellectual Property to the licensee, in return for royalties on all sales. The cost of a license would include a one-off downstroke, in addition to ongoing royalties. The dollar amounts and rates vary according to geographic location.
License holders are autonomous businesses, operating independently, though in a loose confederation, which might (or might not) share innovations, bulk purchasing power, marketing etc.. Each license carries with it production and sales targets.
Typically, a license will cover an agreed territory, though situations where a single, discrete market is licensed can be envisaged.
Licensing slides
FII SUPPORT OF LICENSEE
1. Production Training - FII will provide production training of up to three (Licensee) personnel. This will involve technical training relative to every facet of island production, assembly and launching, as well as actual hands-on island production experience. This training will also include a review of related issues, including quality assurance, industrial hygiene, inventory management, packaging and shipping, and other related systems and processes.
2. Supervision - FII will provide on-site supervisory personnel for up to two weeks to assist with startup of Licensee production facilities.
3. Costing - FII will furnish Licensee with detailed production costing associated with a variety of Floating Island embodiments, with a view towards facilitating Licensee's ability to structure cost effective pilot projects in the Territory. FII will also provide scientific know-how relative to nutrient uptake efficacy design options associated with Floating Islands.
4. Branding - FII will continue to advance consistent and compelling branding relative to the Floating Island technology. Opportunities to share in collaborative advertising and promotion will be made available to Licensee.
5. Website - Website management geared towards ongoing exposure of the Floating Island technology and the floating treatment wetland industry as a biomimetic and holistic remediation strategy will be aggressively pursued by FII.
6. Publications - Science Journal articles, study reports, magazine and other articles expanding on Floating Island technology, innovation and research will be advanced by FII.
7. Vendor Contacts - Preferred U.S. based material supply vendor contacts will be provided by FII. Licensee will be provided with an opportunity to purchase materials through a strategic supply purchasing network including other Licensed Floating Island manufacturers.
8. Technology Innovations - When available, production and marketing innovations will be shared with Licensee. Annual production and innovation seminars will be offered at FII headquarters. Seminars will include the sharing of data relative to technologic and scientific advancements relating to the Floating Island technology and the floating treatment wetland industry.
9. Research & Development - FII views itself as an R&D extension of its License partners. As such, FII will continue to pursue research & development activities relating to the Floating Island technology and the floating treatment wetland industry, and will endeavor to obtain Intellectual Property protection for innovations resulting therefrom when deemed appropriate.
It is Floating Island International's intention to fully support the Licensee in developing a successful business model. To that end, FII will make every effort, within ethical and professional business practices, to fulfill the reasonable needs of Licensee.
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