These 12 contracts are synthetic, from the repo's corpus, and were reviewed with the offline rules extractor, not a model, at commit 86f7af4. Source on GitHub
ASC 606 review. 3 matters for judgment, 0 failed checks.
The contract describes goods or services supplied by an unaffiliated third party.
Meridian contracts with investigator sites as Sponsor's authorised representative and under budgets that Sponsor approves in advance. Pass-Through Costs are invoiced to Sponsor at the amount charged by the third party,…3 Investigator and Pass-Through Costs · p.1
Why this is not answered here: Control of a third-party good or service before transfer depends on the operating arrangement behind the contract -- inventory risk, pricing discretion, who is responsible for fulfilment.
The contract contains variable consideration: milestone bonus. No ceiling was found for it.
Each milestone fee is earned only on achievement of the stated event and is not payable in part.2 Service Fees · p.1
Why this is not answered here: How much variable consideration to include requires an estimate of the probability of a significant reversal, which draws on the entity's own history with similar contracts.
4 performance obligations are sold together, so the transaction price has to be allocated between them on relative standalone selling price.
affects Activation of the first eight (8) investigator sites; Enrolment of 50% of the target subject population; Last subject last visit; Database lock
Activation of the first eight (8) investigator sites EUR 120,0002 Service Fees · p.1
Enrolment of 50% of the target subject population EUR 260,0002 Service Fees · p.1
Last subject last visit EUR 210,0002 Service Fees · p.1
Database lock EUR 180,0002 Service Fees · p.1
Why this is not answered here: Standalone selling price is what the entity would charge selling separately. A contract records what it charged this customer on this deal -- the two only coincide by accident.
| Check | Result | Detail |
|---|---|---|
| Both parties identified | passed | Meridian Clinical Partners, S.L. contracting with Aster Therapeutics AB. |
| Effective date identified | passed | Effective 2025-03-03. |
| Currency identified | passed | Amounts are stated in EUR. |
| Fee schedule foots to the stated total | passed | 4 priced items sum to 770000, matching the stated total. |
| Every obligation carries a price | passed | All 4 identified obligations have a stated price. |
| Recognition pattern evidenced for each obligation | not applicable | No reading of how control transfers was attempted for: Activation of the first eight (8) investigator sites, Enrolment of 50% of the target subject population, Last subject last visit, Database lock. The offline extractor does not attempt it; run the model extractor to get an answer here. |
| Promise | Type | Stated price | List rate | Recognition |
|---|---|---|---|---|
Activation of the first eight (8) investigator sites
Activation of the first eight (8) investigator sites EUR 120,0002 Service Fees · p.1 |
clinical services | 120000 | -- | not evidenced |
Enrolment of 50% of the target subject population
Enrolment of 50% of the target subject population EUR 260,0002 Service Fees · p.1 |
clinical services | 260000 | -- | not evidenced |
Last subject last visit
Last subject last visit EUR 210,0002 Service Fees · p.1 |
clinical services | 210000 | -- | not evidenced |
Database lock
Database lock EUR 180,0002 Service Fees · p.1 |
clinical services | 180000 | -- | not evidenced |
| Term | Type | Cap | Fixed by the contract |
|---|---|---|---|
Fees are earned only on achievement of defined milestones.
Each milestone fee is earned only on achievement of the stated event and is not payable in part.2 Service Fees · p.1 |
milestone bonus | none stated | no |
| Customer |
Aster Therapeutics AB
extracted and Aster Therapeutics AB This Clinical Services Agreement is entered into as of 3 March 2025 between Meridian Clinical Partners, S.L., a company incorporated in Spain ("Meridian"), and Aster Therapeutics AB, a company…Preamble · p.1 |
| Supplier |
Meridian Clinical Partners, S.L.
extracted and Aster Therapeutics AB This Clinical Services Agreement is entered into as of 3 March 2025 between Meridian Clinical Partners, S.L., a company incorporated in Spain ("Meridian"), and Aster Therapeutics AB, a company…Preamble · p.1 |
| Agreement type |
master_agreement
extracted CLINICAL SERVICES AGREEMENT Meridian Clinical Partners, S.L. and Aster Therapeutics AB This Clinical ServicesPreamble · p.1 |
| Amends | not found |
| Effective date |
2025-03-03
extracted and Aster Therapeutics AB This Clinical Services Agreement is entered into as of 3 March 2025 between Meridian Clinical Partners, S.L., a company incorporated in Spain ("Meridian"), and Aster Therapeutics AB, a company…Preamble · p.1 |
| Stated term (months) | not found |
| Auto-renews | not found |
| Termination for convenience | not found |
| Termination notice (days) | not found |
| Termination compensation | not found |
| Currency |
EUR
extracted Milestone Fee Activation of the first eight (8) investigator sites EUR 120,000 Enrolment of 50% of the target subject population EUR 260,000 Last subject last visit EUR 210,000 Database lock EUR 180,000 Total service fe…2 Service Fees · p.1 |
| Total fixed consideration |
770000
extracted Total service fees EUR 770,0002 Service Fees · p.1 |
| Payment terms (net days) |
45
extracted All invoices are payable within forty-five (45) days of the invoice date.6 Invoicing · p.2 |
| Billing frequency |
monthly in arrears
extracted Pass-Through Costs are invoiced monthly in arrears.6 Invoicing · p.2 |
| Upfront fee | not found |
| Upfront fee refundable | not found |
| Payment spread (months) | not found |
| Renewal term (months) | not found |
| Renewal price | not found |
| Renewal described as discounted | not found |
| Third-party components |
Meridian contracts with investigator sites as Sponsor's authorised representative and under budgets that Sponsor approves in advance. Pass-Through Costs are invoiced to Sponsor at the amount charged by the third party, without mark-up or administrative fee. Meridian holds Pass-Through funds in a des
extracted Meridian contracts with investigator sites as Sponsor's authorised representative and under budgets that Sponsor approves in advance. Pass-Through Costs are invoiced to Sponsor at the amount charged by the third party,…3 Investigator and Pass-Through Costs · p.1 |