![]() ![]() Subject to the express agreement of the Parties, in the event that a particular Party produces or contributes to the production of intellectual property, such Party shall retain the ownership of all intellectual property rights.Įach Party shall be entitled to terminate this MOU at any time prior to the conclusion of the Project, if any event whether financial or otherwise has arisen which, in the Party's opinion, has rendered the Project impracticable. ![]() The Parties acknowledge that in connection with this MOU, Parties may contribute to or produce intellectual property.ī. This confidential obligations apply to all Confidential Information whether provided to the Parties before, on or after the date of this Agreement and the obligations of the Parties shall continue to be in force for the following period: _Ī. The Parties shall not use, or disclose, or permit the disclosure by any person of the confidential information for the benefit of any third party.Į. (III) transfer or part with possession of the whole or any part of the confidential information.ĭ. (II) disclose, or permit the disclosure of the confidential information except to such authorized persons as are necessary to receive or evaluate the confidential information (I) use the confidential information except as expressly authorized by the other Party in writing Except as provided herein, no Party shall at any time, during or after executing the purpose of this MOU do as follows: The Parties agree to use the confidential information solely for the purpose for which the information was provided. (IV) to take proper and reasonable measures to ensure the confidentiality of the confidential information.Ĭ. (III) not to use the confidential information in whole or in part for any purpose except for the purpose stated in this MOU (II) not to disclose the confidential information or allow it to be disclosed in whole or in part to any third party without the prior consent of the other Party (I) to keep the confidential information secret at all times The Parties hereby undertake to do the following: The Parties acknowledge that in connection with this MOU, they may have access to confidential information and materials, in which case, either of the Parties may be the receiving and disclosing Party.ī. In relation to this Project, _ shall have the following obligations:Ī. In relation to this Project, _ shall have the following obligations:ī. do all such things that are ancillary or incidental to their obligations, duties, responsibilities as specified in this Agreement and which is deemed necessary for the effective completion of the Project.Ī. act in utmost good faith, using their best endeavors to ensure the performance of their obligation ī. ![]() Notwithstanding the non-binding nature of this MOU, the Parties agree to do as follows:Ī. This MOU does not constitute any formal obligation on behalf of either of the Parties as the terms of this MOU is expressly "subject to contract" until a final written contract has been executed by the Parties. The Parties hereby acknowledge this MOU in principle and is not intended to be legally binding.ī. This MOU will remain in effect until a final agreement is drawn or until terminated by either of the Parties.Ī. The Parties intend to work together on the following project: _ (the "Project").ī. In pursuant of this agreement, the parties have agreed to carry out their obligations subject to the terms and conditions of this Memorandum of Understanding.Ī. Both Parties are interested in working together in connection with the Purpose as described in this Agreement.ī. This Memorandum of Understanding (hereinafter referred to as "MOU") is made on _.Ī. ![]()
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