All disputes, controversies, or different which may arise between the parties hereto, out of or in relation to or in connection with this Agreement, or for the breach thereof, shall be finally settled by arbitration pursuant to the Japan-American Arbitration Agreement, of September 16, 1952, by which each party hereto is bound....
Continue readingCompany hereby grants to Licensee, during the life of this Agreement, an exclusive, non-transferable and non-assignable license to manufacture, use and sell the Licensed Product under the Patents, Know-How and other technical furnished by Company hereunder in Territory. Licensee shall manufacture the Licensed Product only at the factory in (…) owned or controlled by Licensee and approved in advance by Company....
Continue readingExample 2-1: Definitions For the purpose of this Agreement, the words and terms listed below shall have the following meaning: a) The term "Licensed Product" shall mean the finished (…) composite and any other composites containing the chemical compound covered by the Patents, Know-How (these are hereinafter defined) and/or other technical technical furnished by Company, which are manufactured by Licensee. b) The term "Territory" shall mean (…). c) The term "Patents" shall mean those patents and patent applications covering Licensed Product or any process of making it which Company owns or controls, the application date of which is on or before the Effective Date...
Continue readingImportance of the section/part "Preamble": "Preamble" consists of the essential part of the contract or the License agreement. Therefore, this section should not be neglected in a license agreement/contracts....
Continue reading“Bad faith” most commonly arises in the context that a trademark is used in one or more jurisdictions, but is not registered in those jurisdictions...
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