Hoffmann Green: licensing agreement in the United States
In exchange for the industrial and technological transfer as well as exclusivity in the first American states, Hoffmann Green will receive an initial upfront fee of two million euros, as well as fixed annual royalties based on sales.
The agreement also gives the partner the option of sub-licensing Hoffmann units in the targeted states, and of extending the license to all US states until 2025, for a total upfront fee of 20 million euros.
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