Brief: Genifi Announces Additional Licensing Agreement

genifi

21/11/2023 22:33

Nov 21 (Reuters) - genifi inc  GNFI.V :
    * GENIFI ANNOUNCES ADDITIONAL LICENSING AGREEMENT
    * GENIFI INC- LICENSED ITS TUNL.CHAT PLATFORM TO AN ARM'S
LENGTH
THIRD PARTY
    * GENIFI INC - LICENSING AGREEMENT, WHICH IS EFFECTIVE NOV
1,
2023, HAS AN INITIAL TERM OF FIVE YEARS AND MAY BE RENEWED FOR
ADDITIONAL FIVE YEAR TERMS
    * GENIFI INC - UNDER TERMS, CO TO RECEIVE 100% OF NET
PLAFTORM
REVENUES RECEIVED FROM CERTAIN PRE-EXISTING POTENTIAL CUSTOMERS
WHO USE PLATFORM
    * GENIFI INC -  UNDER TERMS, CO TO RECEIVE 75% OF NET
PLATFORM
REVENUES FOR ALL OTHER CUSTOMERS USING PLATFORM
    * GENIFI -   UNDER TERMS OF AGREEMENT, SIGNED NOV 21, CO TO
BE
ENTITLED TO 50% OF NET PLATFORM REVENUES FROM PRE-EXISTING
PIPELINE OPPORTUNITIES

Source text for Eikon:  ID:nCNWjKbZpa 
Further company coverage:  GNFI.V 

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