"Master Technology License:
ECT will issue an exclusive royalty-free global licence, to the ResearchCollaboration solely for the purpose of the Pilot Plant as part of the R&Dphase"
"Commercial Technology License (Australia):
ECT will retain the right to license its pre-existing Coldry IP, in Australia
All royalty income generated during the R&D Phase, and under thesubsequent SPV License to ECT, will be distributed in proportion to eachparty’s shareholding in the project SPV"
Ann: India Project Update, page-31
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