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Contracts: Parties
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CARLSBAD, Calif., Oct. 6 /PRNewswire-FirstCall/ -- Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced today that its Ibis program has been granted three new government contracts valued at up to $10 million for the continued development of its TIGER biosensor technology. TIGER, which stands for Triangulation Identification Genetic Evaluation of Risks, is a research program initially sponsored by the Defense Advanced Research Projects Agency (DARPA) under a subcontract from San Diego-based Science Applications International Corporation (SAIC) for bioweapons defense. The TIGER program is ... funded by the Centers for Disease Control and Prevention (CDC) for epidemiological surveillance applications, the Federal Bureau of Investigation (FBI) for the development of a microbial agent database, and by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health, for biological products screening. The development of these various applications significantly broadens and enhances TIGER's commercial value and opportunity in the government, research instrument, and medical and diagnostic markets. Together with prior awards, Ibis has received contracts for up to $65 million in funding from multiple government agencies.
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Many contracts provide that all disputes arising thereunder will be resolved by arbitration, rather than litigated in courts. Customer claims against securities brokers and dealers are almost always resolved by arbitration because securities dealers are required, under the terms of their membership in self-regulatory organizations such as the NASD or NYSE, require use of brokerage agreements that contain arbitration clauses. [49] On the other hand, certain claims have been held to be non-arbitrable if they implicate a public interest that goes beyond the narrow interests of the parties to the agreement (i.e., claims that a party violated a contract by engaging in illegal anticompetitive conduct or civil rights violations). Arbitration judgments may generally be enforced in the same manner as ordinary court judgements. However, arbitral decisions are generally immune from appeal in the United States unless there is a showing that the arbitrator's decision was irrational or tainted by fraud. Virtually all states have adopted the Uniform Arbitration Act to facilitate the enforcement of arbitrated judgements.
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Third party beneficiary contracts [A]re made specifically for the benefit of a person different from one of the two contracting parties. This other person is called a third party beneficiary of the contract. The simplest example is a life insurance contract. The two contracting parties are the insurance company and the insured person. The third party beneficiary is the person named in the insurance policy to receive the proceeds of the insurance policy on the death of the insured person. This third party beneficiary has rights in the contract and can sue on the insurance policy.
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This press release includes forward-looking statements regarding the development and commercialization of the Ibis T5000 Biosensor System, Ibis' technology, and the revenue potential of certain government contracts. Any statement describing Isis' goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement, including those statements that are described as Isis' goals or projections. Such statements are subject to certain risks and uncertainties, particularly those inherent in the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics, in developing and commercializing systems to identify infectious organisms that are effective and commercially attractive, and in the endeavor of building a business around such products. Isis' forward-looking statements ... involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although Isis' forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Isis. As a result, you are cautioned not to rely on these forward-looking statements.
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This article explores the use of learning contracts and the benefits they offer students. Education has to be an active rather than passive process. To be active, students must participate in the process of education and become more independent and responsible for their own learning. They must develop the skills of self-directed inquiry. The use of learning contracts allows the student to structure their own learning; to be an active participant in the process of education.
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"These 14 contracts demonstrate that the market is continuing to embrace AMICAS' commitment to innovation," said Paul Merrild, vice president of marketing at AMICAS. "AMICAS' new contracts, particularly over the course of the last three quarters, are a testament to our focus on delivering solutions that the radiology marketplace needs."
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