Client Event Defined Sample Clauses

Client Event Defined. The term “Client Event” refers to any one of the following: (i) the Client has raised $250,000 in any combination of grants, debt or equity in one or more arms-length transactions (a “Qualified Financing”); (ii) the Client’s cumulative revenues exceeds $250,000; (iii) the Client has been merged into or acquired by a third party or substantially all of Client’s assets have been sold (a “Change of Control”); or (iv) the patent applications prepared with the assistance of the Firm, any patent applications derived from such applications, or any patents issuing from either of the foregoing have been assigned to a third party.