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Eli Lilly said today its animal health division, Elanco, has made an irrevocable, unconditional offer to acquire the animal health business of Johnson & Johnson's Janssen Pharmaceutica.
Basically, if a company is found to be using FRAND-style patented technology in its products, the court can only allow that company a FRAND defense if it's made "an irrevocable, binding offer" to license the patents on FRAND terms and also post a bond for ongoing royalties, reports FOSS Patents.
It is a pre-condition that Kazakhmys delivers an irrevocable undertaking to accept the offer (subject to Kazakhmys shareholder approval) in respect of [its stake in ENRC]." The consortium is offering 172.3p in cash plus 0.23 Kazakhmys shares.
Gen. Jamee Jordan Patterson, who represents the state agencies, contends the YMCA was under no obligation to obtain permission from property owners because the easement offer is an "irrevocable license" for public access.
Once you set up an irrevocable trust, the terms are unmodifiable, meaning that you can't go back on it.
The authors offer a drastic remedy for many of today's problems with corporate America: Companies must create an irrevocable split between the functions of chief executive and board chairman.
"It's an irrevocable loss".
Besides, selling it was an irrevocable step.
The euro's creation was an irrevocable political decision.
Habara is a man who has experienced an irrevocable turning point in his life.
But their serenity is imperiled after a chance encounter leads to an irrevocable act of violence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com