Some companies send the relieving letter themselves to an employee who has resigned, on their last day of work. The request for relieving letter contains details of your designation, employee ID and resignation dates and has to be written in a way that conveys a sense of urgency while being respectful and professional.
How To Write A Request For Relieving Letter? In this article, we help you learn how to write a crisp and professional request for relieving letter with the help of examples and different request formats. Your previous HR manager or immediate superior may issue it to you on your last working day, or when you send a request for the relieving letter to the concerned person. It is proof of your experience and your subsequent release from all duties from the previous organisation and is required as you join a new company. After CO.DON's last licensed patent in the PRC expires a reduced licensing fee is payable for as long as the manufacturing know-how and the authorisation data are not publicly available.CO.DON AG develops, produces and distributes autologous cell therapies for the minimally invasive repair of cartilage defects.A relieving letter is issued to you towards the end of your job. The duration of the obligation to pay licence fees depends in particular on the lifetime of the intellectual property rights, but is currently expected to be until at least 1 June 2040. Following the market launch in each of the Asian countries, the company will receive a share of revenue generated on the basis of the out-licensing agreement. In the period until marketing authorisation is obtained, CO.DON will receive further payments of USD 5.5 million in total in accordance with defined milestones. When the contract is signed CO.DON AG will receive a one-off payment of USD 2.75 million. CO.DON AG is working on awarding additional licences for other markets outside Europe in which this business model is considered to be efficient and cost-effective for CO.DON AG. The Executive Board of CO.DON AG believes the agreement will form the basis for successful long-term cooperation. The licensing agreement will cover out-licensing, as well as training and knowledge transfer by qualified personnel from CO.DON AG. The exclusive licence for both CO.DON products was granted for the territories of the People's Republic of China, Hong Kong, Macau, Singapore and Taiwan. have now signed a corresponding licence agreement. To implement the letter of intent signed in September 2021 that was the subject of an ad hoc announcement on out-licensing of the matrix-associated products co.don chondrosphere and Spherox for the Asian region, CO.DON AG and ReLive Biotechnologies (Nanjing) Co.
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