OpenRoots

ORD-2.2

A scale-up above the threshold discovering you are in breach, under ORD 2.2

Past the threshold on trailing revenue, now a Canopy Licensee. You realise an obligation was missed, and it may have been missed for some time. This resolves to the Canopy tier.

Tier

Canopy

Owed

A quarterly Canopy Report. Section 5.1 imposes a royalty only when the Canopy Licensee makes Production Use.

Sections in play

1.8, 10.1, 10.2, 10.3, 3.1, 5.1, 5.2

Who and what

The situation being resolved.

Actor

A scale-up above the threshold

Past the threshold on trailing revenue, now a Canopy Licensee.

20M to 100M USD

Situation

Discovering you are in breach

You realise an obligation was missed, and it may have been missed for some time.

Rulings

3 questions resolved against the text.

clear

Which tier applies?

Canopy. Past the threshold on trailing revenue, now a Canopy Licensee. Section 5.2 reporting applies; the Section 5.1 royalty attaches when the Licensee makes Production Use and only to attributable revenue.

Sections 1.8, 3.1, 5.1

clear

Is anything owed?

A quarterly Canopy Report. Section 5.1 imposes a royalty only when the Canopy Licensee makes Production Use.

Sections 5.1, 5.2

clear

What happens on breach?

Thirty days to cure from written notice, under Section 10.1. Reinstatement is available on curing and paying what would have been owed, with interest, unless you have already had rights terminated for the same Work within twenty-four months. Downstream recipients who remain compliant are unaffected by Section 10.3.

Sections 10.1, 10.2, 10.3

Cautions

What this situation gets wrong most often.

  • Section 8.3 of ORD requires a withdrawal of consent to propagate to any derivative you have distributed. Whether that is operationally achievable at depth is a published open question.

Same actor

Other situations for this party.