Licensee 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....
Continue readingDuring the period of twelve (12) months immediately following the Effective Date the Licensor shall, at the Licensee’s request, procure the attendance from time to time of a qualified representative of the Licensor or its consultant at the premises of the Licensee or at such other places as may be agreed between the parties to give assistance in the start-up and initial manufacture of Licensed Product pursuant to this Agreement. The Licensee shall reimburse the Licensor in respect of traveling (including business class air fare) and accommodation expenses of the representative or consultant for any such attendance, not later than...
Continue readingAll notices, reports and other communications required or permitted to given hereunder shall be In writing and shall be valid and sufficient if delivered in person or dispatched by registered airmail, postage prepaid in any post office, In Japan or in the United States of America, as the case may be, addressed as follows:...
Continue readingShould any dispute or difference arise between the parties hereto or between their legal representative or between one of them and the legal representative of the other in regard to any matter arising out of or relating to this Agreement or to the interpretation thereof or in regard to the interest of either party thereto, contrary to the terms of this Agreement or in regard to any claim which either party may have against the other, then such matter shall be referred to Arbitration....
Continue readingNo waiver by either party, whether expressed or implied, of any provision of this Agreement, or of any breach or default, shall constitute a continuing waiver of such provision of this agreement....
Continue reading