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For a business that has been operating without a license or with an expired license, the penalty fee is normally 50 percent of the licensing fee multiplied by the number of years of operating without a current license. Under the agreement, EarthFirst will be paid a $700,000 onetime licensing fee by Midwest Transport, which has been granted the exclusive fight to market EarthFirst's proprietary and patent-pending catalytic activated vacuum distillation (CAVD) technology in Ireland and the U. Billie Dodge, director of Information Technology at Washington College (MD), says Acacia demanded an annual licensing fee of $5,000, although that price would go up if the agreement hadn't been reached by September 15. |
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