EXCLUSIVE SUPPLY AGREEMENT |
9 Months Ended | ||
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Aug. 31, 2017 | |||
| EXCLUSIVE SUPPLY AGREEMENT [Text Block] |
The Company entered a Development, Supply and Manufacturing Agreement with the BIP Manufacturer on August 1, 2017. This Agreement provides the Company to order and purchase only from the BIP Manufacturer certain BIP assemblies and components for use by the Company to produce less-lethal and training projectiles as described in the Agreement. The Agreement is for a term of four years with an automatic extension for additional one-year terms if neither party has given written notice of termination at least sixty (60) days prior to the end of the then-current term. |
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- Definition The entire disclosure for collaborative arrangements in which the entity is a participant, including a) information about the nature and purpose of such arrangements; b) its rights and obligations thereunder; c) the accounting policy for collaborative arrangements; and d) the income statement classification and amounts attributable to transactions arising from the collaborative arrangement between participants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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