The agreement defines that all R&D costs and royalty obligations are to be paid by the partner, as well as a first-right-of-refusal for supply of any graphene related materials in future manufacturing. All IP developed under the scope of the Agreement will be jointly held by both parties.
G3L's role will mainly be to help the partner develop solutions and processes to incorporate graphene into their existing manufacture processes, and assist the partner to understand, handle and integrate graphene into future manufacturing. G3L stated that it not just replacing other additives with graphene, but is working jointly with partners to elevate the potential of their products.
