Advice Pool - Real Estate

Do You Know The Future Purchase Price?

Where in the contract is the future purchase?

Get the future purchase price locked in and in writing in the

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

contract! Do NOT sign a contract with a floating future purchase price, unless you know exactly how the future price will be determined and you agree

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

to the method used to determine the future purchase price.

SAMPLE:

Purchase Option.

A. Tenant shall have the option (hereinafter "Purchase Option"

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

to purchase the Premises as follows:

(1) Purchase Price. The total purchase price for the Premises shall be $265,331.00 and 00/100 DOLLARS and shal

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

be payable as follows:

**Both parties know exactly what the future purchase price shall be, and presumably both parties know that the buyer

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

can afford the home at the future purchase price.

Non-Refundable Option Payment. A non-refundable option payment of $7,050.00 and 00/100 D

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

LLARS shall be due and payable upon full execution hereof of this option agreement, with $7,050.00 being applied 100% to the future purchase price.

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

(2) The balance of the Purchase price shall be payable in cash at closing.

B. In the event Buyer is unable to obtain financing at the end of the fou

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

teen-month lease term, Seller will extend this Lease Option agreement for an additional term provided Tenant has paid all rents on time, main

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ained the property according to the Agreement, and improved condition currently preventing financing.

C. In the event the property does not

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

appraise at end of the lease term, Seller will extend the lease term with no increase in purchase price or monthly payment in order for the property

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

o appraise, provided Buyer has complied with all terms of this Agreement.

**Both parties have tangible, measureable guidelines for determini

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

g whether Tenant/Buyer receives automatic lease term extension.

**When a contract includes tangible, measureable guidelines regarding the fu

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ure purchase price and all "what if..." situations, you may rest comfortably knowing you should not be the victim of an unfortunate scam or misunders

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

tanding.

D. Tenant must notify Landlord in writing and no later than March 27, 2006, of his election to exercise the option.

E. The Purcha

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

e Option shall not be effective should Tenant be in default under any terms of this lease.

F. If Landlord fails to perform any of the covenants of t

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

is Purchase Option, the Tenant shall have the right of specific performance.

**Whatever you want to call it, a Lease-Purchase, Lease-Option,

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

Rent-to-Own, Lease with an Option to Purchase contract should include clear, easy to understand, and measureable guidelines.

Don't be so ex

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ited to hear "YES" to an opportunity to get the keys to your new rent to own Florida home, without paying close attention to all the contract details

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

determining your future ownership opportunity.

By all means, please pay your attorney to review the contract and advise you before you sign anything

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Advice Pool - Rent to Own / Lease Option Your New Florida Home: Scam Alert - Part 6

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