Explain how the manufacturing process affects

Reference no: EM132680538

Question -

Q1. Renee Pharmaceutical Corporation licenses to a customer, Anna Inc., its patent rights to an approved drug compound for 10 years and also promises to manufacture the drug for Anna. The drug is a mature product; therefore, Renee will not undertake any activities to support the drug, which is consistent with its customary business practices. Renee is identifying the performance obligations in the contract with Anna.

REQUIRED Identify the performance obligations in Renee's contract with Anna and consider whether there are any differences if:

(a) No other entity can manufacture this drug because of the highly specialized nature of the manufacturing process; and

(b) The manufacturing process used to produce the drug is not unique or specialized and several other entities can also manufacture the drug for Anna

Q2. Based on the information in Question 3, if Renee's manufacturing process used to produce the drug is not unique or specialized and several other entities can also manufacture the drug for Anna, Renee will consider the implication on its patent rights.

REQUIRED - Explain how the manufacturing process affects the determination of the nature of Renee's promise on transfer patent rights.

Reference no: EM132680538

Questions Cloud

What is the total amount of new money raised : GNBD makes a rights issue at a subscription price of $10 a share. One new share can be purchased for every 4 shares held. Before the issue there were 10 million

Data modelling using entity-relationship modelling : Demonstrate practical skills in normalisation and convert a conceptual database design to a logical design in 3NF and Demonstrate practical skills in data model

What is the present values of cca tax shield : What is the present values of CCA tax shield? Hints: You can use CCA tax shield formula provided in the textbook.

What does sustainability refer to in health promotion : What does it mean to tailor an intervention to a community or population? What does sustainability refer to in health promotion?

Explain how the manufacturing process affects : Explain how the manufacturing process affects the determination of the nature of Renee's promise on transfer patent rights

Find the ending merchandise inventory : Find the ending merchandise inventory and cost of goods sold amounts for the October financial statements using the FIFO, LIFO

How rapidly security prices react to various news items : The semi-strong form of market efficiency has been tested by measuring how rapidly security prices react to various news items. Specifically, tests have been co

What is the npv of the project under base-case assumptions : Emperor's Clothes Fashions can invest $5 million in a new plant for producing invisible makeup. The plant has an expected life of 5 years, and expected sales

Briefly introduce and summarize the article : For this assignment, choose a peer-reviewed article to review. Use a databases or another source that contains peer-reviewed articles, and find an article.

User Account

All Pages