Licensee shall calculate royalties every three (3) months and remit them to Licensor within … days after the end of said three (3) month period, accompanied by the accounting statement showing the calculation and aggregate amount of royalties....
Continue readingIf, at any time during the term of this Agreement, Licensor grants any other license under the Patents, Trademarks and Technical to any third party in connection with the manufacture, use and sale of the Licensed Products in the Non- Exclusive Territory at more favorable consideration than those provided herein, Licensor shall promptly notify Licensee in writing the details of such other license and Licensee may have the option right of adopting equally favorable consideration. ...
Continue readingLicensor declares that it is the proper and sole owner of the Patents and Trademarks licensed to Licensee hereunder and guarantees to diligently maintain the Patents and Trademarks...
Continue readingLicensee warrants that the Licensed Product manufactured and sold hereunder shall be at Its own responsibility of good quality comparable to corresponding products manufactured and sold by Licensor and shall be suitable for their intended purpose: that no injurious, poisonous, deleterious or toxic compounds and chemical raw materials will be used In or on the Licensed Product, that the Licensed Product will not be inherently dangerous to the users thereof and that the Licensed Product will be manufactured, used and sold by Licensee in strict compliance with all applicable laws and regulations of the countries of the Territory....
Continue readingLicensee shall promptly Inform Licensor of any suspected Infringement of any Patent granted on the said application and Licensor shall prosecute, but only after full consultation with Licensee from which Licensor is satisfied that actual Infringement is taking place...
Continue readingIf Licensee develops any improvements or invention relating to Licensed Technology and secure one or more patents on any of such Improvements or Inventions during the term of this Agreement, Licensee shall equally share the ownership of said patents, nevertheless all the rights shall be borne by Licensee....
Continue readingLicensee undertakes to ensure that any sales of the Products shall be made under the trademark authorized by Licensor for each system. Licensee's use of the trademarks shall be in compliance with Licensor's instruction as to all respects....
Continue readingThe Licensee may not grant any sub-licenses without the ex- press written consent of the Licensor. The Licensee may not grant to any sub-licensee a right further to sub-license....
Continue readingDuring the term of this Agreement and for…years after the termination thereof, Licensee shall hold in confidence and shall not disclose to any third party all TECHNICAL furnished by Licensor hereunder except for the following TECHNICAL:...
Continue readingThis Agreement may be terminated at any time, by either party, if the other party default in the performance o any of Its substantial undertakings in this Agreement and in each case if such default has not been remedied to the reasonable satisfaction of the non-defaulting party within ninety (90) days after written notice of such default has been given to the defaulting party....
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