Water Street AI Platform
KO
Katie Ossman

HHC Platform

Active
Healthcare ServicesPortland, OR·Deal Team:
NV, MM, TY, JC

Documents

Can you give me a summary of the key terms in the Stryker contract?

Based on my analysis of the Stryker Agreement, here are the key terms:

Parties

- Account Party: Stryker Orthopedics (Southeast Region)

- Contracting Party: CrossLink Life Sciences, Inc.

Term & Territory

- Effective Date: January 1, 2024

- Initial Term: 36 months

- Territory: Georgia, Alabama, Tennessee, South Carolina

Economics

- Commission Rate: 12.5% of net sales

- Breakage Fee: $150,000 or 6 months revenue (whichever is greater)

Items Requiring Review

1. Schedule B (termination conditions) was not included in the uploaded documents

2. The definition of "Covered Entity" is ambiguous

3. Breakage fee calculation method needs clarification

Stryker_Agreement.pdf · Section 1.1Stryker_Agreement.pdf · Section 8

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