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Will Faultless Starch/Bon Ami Co. (FSBA) guarantee the inventor a minimum payment guarantee in its licensing agreement?

April 26, 2017Agreement AMI Bon faultless fsba guarantee inventor licensing minimum payment starch

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Will Faultless Starch/Bon Ami Co. (FSBA) guarantee the inventor a minimum payment guarantee in its licensing agreement?

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FSBA will only guarantee that it will produce the bare minimum amount of units (usually determined by the amount of product loaded per container) at the beginning of the licensing agreement but in no way does that guarantee a minimum payment to the inventor.