PandaTip: The section below in the royalty agreement template provides documentation of any and all responsibilities and warranties the grantor may provide during the agreement’s term. The cost of such services arises from delineating the skill-mix and 'man'-hours of effort involved (domestic and expatriate personnel) and providing for supervision overhead. The costs of different skills is in the public domain and can be readily estimated. The overhead percentage, however, is a negotiated element. (DENVER, CO, US – 2 February 2009) – MPEG LA, LLC today announced that the coverage of its AVC Patent Portfolio License has been updated to conform with recent revisions to the AVC/H.264 Standard as defined in ISO/IEC 14496-10:2008, 4th Edition (2008-09-15). As a result of this update, the profiles now covered by the AVC Patent Portfolio License include Baseline, Main, Extended, High, High 10, High 4:2:2, High 4:4:4 Predictive, High 10 Intra, High 4:2:2 Intra, High 4:4:4 Intra, CAVLC 4:4:4 Intra, Scalable Baseline, Scalable High and Scalable High Intra. In many contracts involving the use of knowhow (and associated IP), 'technical assistance' may be encountered as a part of the contractual process, particularly in developing country contracts. The assistance comprises services which are not in the nature of IP but are needed by the licensee to accomplish its objectives. Launch Date shall mean the date that the Product is first available for use by the public. Software shall mean the computer software program described in the Specifications that is to be developed by Developers including all Enhancements made under this Agreement.