RE: Milestone payments29 Dec 2020 18:00
Without knowing the specifics of the agreement, it’s often the case when licensing or assigning IP within an agreement, that lack of development or mothballing allows the IP to revert to the originator. Not saying that is necessarily the case here, but these kind of clauses would often be employed to prevent big co’s buying up products with potential, only to ensure that they don’t eventually come to market