posted on
Oct 20, 2006 05:13AM
"develop and/or adapt"
adapt is what e.Digital does with its IP...for any high level OS attributes.
Under this agreement it could also mean to adapt and implement an application already devised for a .avi format.
IMO...as far as the DRM side of the agreement...this will be a deciding factor.
The problem....how versital a system is DigEcore expecting?
"2. License, Fees, and Payment Terms: DIGECOR will pay EDIGITAL a $25,000 one-time flat fee for an unrestricted, unlimited, irrevocable right to use the DRM technology for use on the DIGECOR digEplayer and other DIGECOR products, including the right to modify and add to the DRM technology at DIGECOR's discretion. The DRM technology labor (man hours) is included as part of this one-time payment and the Parties understand that this is not a billable project. This one-time payment will be made after the major movie studios have approved the DRM technology for use on the digEplayer. If the studios do not approve the DRM for use on the digEplayer, DIGECOR has the choice to make the one-time payment and thereby secure the unrestricted, unlimited, irrevocable license or not make a payment and not use the DRM technology. With regard to the DRM technology, the aircraft industry will be an exclusive license for DIGECOR and all other markets win be non-exclusive. Further, the Parties agree that EDIGITAL will have a non-exclusive, unlimited right to use its DRM technology for non-aircraft industries."
"Modify".....? From what to what?
doni