We have determined that the transaction price of the agreement between Bayer and Janssen in 2014 was $25.0 million as at June 30, 2018. In order to determine the price of the transaction, we evaluated all payments receivable during the term of the contract. As at June 30, 2018, the transaction price includes an upfront payment of $10.0 million, milestones already reached of $13.0 million and a milestone of $2.0 million, which we believe is likely following the Positive Trend Vote of the Human Medicines Committee and subsequent discussions with the EMA during the six months ended June 30. 2018. No other considerations can be included in the transaction price. In English law, the duration of a contract is its duration: the period during which the contract remains in force. We have determined that the transaction price of the agreement between BMS and Pfizer in 2016 as of June 30, 2018 was $12.3 million, including routine updates to the estimated costs that BMS and Pfizer will incur to develop Andexxa in Japan that may be charged to us. When determining the transaction price, we evaluated all payments that must be received during the term of the contract. As of June 30, 2018, the transaction price includes an upfront payment of $15.0 million, an upfront payment of $5.0 million for the acceptance of the New Drug Application in Japan (“JNDA”) in Japan, as management expects this to likely be realized, $3.1 million in estimated variable consideration for BMS and Pfizer`s cost-sharing payments for research services and development of agreed clinical trials. outside Japan. and $0.2 million for the estimated cost of clinical deliveries of Andexxa to BMS and Pfizer for Andexxa`s Phase 4 expansion trial in Japan. Our transaction price will be reduced by $11.0 million for estimated payments to BMS and Pfizer for the costs they will incur in developing Andexxa in Japan.
The milestones of the regulatory approval have been completely limited and are therefore not included in the transaction price, as the revenues from these milestones are beyond our control. In deciding whether or not to limit further milestones, we have considered many factors, including whether receipt of milestones is under our control, depending on the success of future clinical trials and/or the licensee`s efforts. All considerations related to revenue-based milestones (including royalties) are recognised when related sales occur because they have been determined to be primarily related to the licence granted to BMS and Pfizer and have therefore also been excluded from the transaction price. We will reassess the transaction price during each reporting period and if uncertain events are resolved or other changes in circumstances occur. Foreign currency transactions. A fund that invests in securities denominated in foreign currencies may enter into forward foreign exchange contracts. A currency futures contract, which includes the obligation to buy or sell a particular currency at a future time at a price set at the time of the contract, reduces the risk of a change in the value of the currency it will deliver and increases its risk of a change in the value of the currency it will receive during the term of the contract. Some foreign currency transactions may also be settled in cash and not upon actual delivery of the currency in question. A contract to sell a foreign currency would limit any potential profit that could be made if the value of the hedged currency increased.
Appropriate hedging operations may not be available in all circumstances, may not be successful and may preclude any possibility for the Fund to benefit from favourable fluctuations in relevant foreign currencies. A contractual term clause, also known as a clause, is a provision that describes the effective duration of the contract. The clauses are usually found in employment contracts. or expropriate the land in accordance with the applicable regulations if the occupation is long-term or now makes it impossible to resume the original use of the land. The rights are acquired and registered by the government on its behalf, but the contractor is entitled to free use for the oil companies for the duration of the contract. The costs, expenses and compensation resulting from the expropriation procedure shall be borne by the contractor. The calculation of the travel ticket budget (for employees, spouses) is based on return flights to the country of origin operated by an A-rated air operator. The total amount of AED 38,000 is added up and paid with the gross monthly salary in equal amounts spread over 12 months, each year of the duration of the contract. The total annual amount is revised annually, with an upward trend based on the UAE`s official inflation corrections. The travel budget can be spent on travel as discussed between the two parties, at the request of the employee. Several clauses that a contract may contain relate to the term clause: 2.10.The concessionaire is required to pay to the Union, by means of an advance payment to FNAC, the annual instalment of the fixed amount and the variable contribution in accordance with the values, percentages and conditions set out below.
2.11.The payment of the first instalment of the fixed fee shall be made at the end of the 12th month of the contract from the date of validity of the contract and subsequent instalments every 12 (twelve) months. 2.12.The Secretary of Civil Aviation of the Presidium of the Republic shall indicate the procedure to be followed for the effective payment of fixed and variable contributions. 2.13.La fixed contribution is equal to the annual amount of R$ 180,045,300.00 (one hundred and eighty million, forty-five thousand three hundred reais), following the offer in the auction point of this concession. 2.13.1.The annual amount of the fixed contribution shall be equal to the ratio between the value of the fixed contribution and the duration of the contract. 2.14.Payment of the variable contribution shall be made at the time of submission of the annual accounts referred to in point 3.2.42.2. 2.15.La variable contribution corresponds to the annual amount in R$ (reais) resulting from the application of the rate of 2% (two per cent) to the total gross income of the concessionaire and its additional wholly-owned subsidiaries. For example, some contracts, such as shareholder agreements, end when a shareholder ceases to hold shares in a corporation. Not all contracts have a fixed term. However, if a contract contains a term clause, it is common for both parties to have the right to extend the effective term if they so wish. If you want to use a condition to end the effective term, you must clearly describe that condition in the term clause. You can also set this condition in a separate attachment. Duration and termination of the contract 13.1 Duration of the contract The contract enters into force as soon as it is signed by both parties and replaces all previous contracts and agreements of a similar nature.
If you want to set a period or duration during which an agreement takes effect, you must use a term clause. In addition to determining the duration of the contract, these clauses also describe the circumstances of the premature termination of the validity period. The purpose of a clause on the effect of termination is to define how termination of the contract affects the responsibilities of the party. As a general rule, the termination of a contract means that the parties are no longer obligated to each other in any way. The exception to this rule is when unpaid payments are due or action is taken that a party must take. A clause on the effect of termination may describe how the parties should discharge these remaining responsibilities. The agreement begins on [date | Date of this Agreement] and lasts for a period of [2] years and ends thereafter. It is simply called “the duration of the contract”. An employee who has an employment contract of indefinite duration may be dismissed prematurely, but the employer must provide a valid reason and proof of dismissal. For example, if the employee has not provided the services agreed in the fixed-term contract, the employer must prove that the employee is not fulfilling his obligations before the dismissal can take place. The alternative is that the contract expires at the end of an initial term determined by a period of time. Validity and duration of the agreement This pact begins when both parties have legally signed it.
And there is no limit to the number of ways a contract can be terminated. They can also be fired in different ways: each employee wants to know exactly how long their job will last, which is why it`s important to determine if your employer can fire you without notice or if you`re covered by a fixed-term contract. Most employees assume that they can be either an employee at will, which means they can be fired at their employer`s discretion, or an employee who is under contract for a set period of time. In reality, there are a variety of job opportunities, which means that employees need to be very careful when negotiating the duration of their employment. This Agreement shall enter into force on [Date].9 The term of the Agreement shall be terminated in accordance with the provisions of this Agreement or the common law. A common misconception about all-you-can-eat employment is that an employer can fire an employee for any reason. Fortunately, this is not the case. .
