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Draft Contract License Agreement
Product Title:- Hydro Electric Barrel (HEB)
All copy Right under UK patent application G B 0816315.6 (08-Sept-08)
It is to be understood that this agreement is for the complete Barrel Paddle Tread casing design. It does not cover the Generator or gear assembly
The all electrical systems, tube swing harness assembly, or any anchor system would be the property of the manufacture and Licensee.
The Licensor Paul Price and Michael Lowery will supply CAD model for the construction of the prototype barrel by 5 axis milling.
The agreement could include the right to sell the Hydro Electric Barrel in other Territories out side of the country of manufacture as one licensee would supply a large continent.
The Licensor would require a Contract License for a term of seven years from the date of Sale of a production of each Barrel size.
We require on all barrel sizes: Royalty Payment of 3% on the ex-works price of the actual barrel component excluding all other hardware and services.
At the end of the seven year License Agreement the Licensee would own the manufacturing rights 100% outright. for the assigned territory on each size of barrel from its start up manufacturing date.
The Licensee could also be the agent for barrel sizes he does not make.
All agents and manufactures will be listed on this site:-
UK. manufacture for 1.5 metre models: Ian Curnock in Wales.
UK. Agent for 1 metre models in the future: Marcus McKay, Cumbria.
USA. Agent for 1 metre models in the future: John Cole, Tennessee.
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