Scope & details
The full contract record, as filed.
Related contracts
Other contracts from Pfasolve Inc.
Frequently asked questions
Common questions about this contract, answered from the record.
Who was awarded the license contract by New Jersey Institute of Technology?
Pfasolve Inc was awarded this license contract by New Jersey Institute of Technology, as recorded on November 6, 2025. The contract value is Up-front licensing fee of $10,000 for 1st Contract Year; $30,000 per Contract Year for 2nd and 3rd Contract Years; $40,000 per Contract Year beginning with the 4th Contract Year and continuing thereafter; 3.5% royalty on Net Sales; 7% of other sublicense fees; PI to pay all reasonable patent prosecution and maintenance costs.
How much is the Pfasolve Inc contract with New Jersey Institute of Technology worth?
The Pfasolve Inc contract with New Jersey Institute of Technology is valued at Up-front licensing fee of $10,000 for 1st Contract Year; $30,000 per Contract Year for 2nd and 3rd Contract Years; $40,000 per Contract Year beginning with the 4th Contract Year and continuing thereafter; 3.5% royalty on Net Sales; 7% of other sublicense fees; PI to pay all reasonable patent prosecution and maintenance costs, covering license work.
What type of contract is this?
This is a License contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in NJIT Board of Trustees Public Session Meeting Agenda November 6 2025 (Agenda), dated November 6, 2025 from New Jersey Institute of Technology. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Pfasolve Inc hold?
Pfasolve Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
View Pfasolve Inc's profileWhat is New Jersey Institute of Technology currently buying?
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