Convenience of the Parties Clause Samples
The "Convenience of the Parties" clause is designed to allow one or both parties to take certain actions, such as terminating or amending an agreement, for reasons that suit their own interests rather than due to a breach or default. Typically, this clause enables a party to end the contract by providing advance written notice, without needing to justify the decision or prove fault. Its core practical function is to provide flexibility and reduce risk for the parties by allowing them to exit or modify the agreement if their circumstances change, ensuring that they are not locked into obligations that may no longer be beneficial or feasible.
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Convenience of the Parties. The parties acknowledge that Symyx may not own or control patent applications or patents covering the manufacture, sale or use of a particular Product; however, that parties agree that substantial value is expected to be contributed by Symyx in accelerated identification, time to market, enhanced probability of success, and the potential for multiple leads and, for the convenience of the parties, TDCC agrees to pay royalties as specified herein during the applicable royalty period, regardless of whether a Product is covered by a patent application or patent owned or controlled by Symyx.
Convenience of the Parties. NDT and CDx acknowledge that each of the royalties set forth in this Section 3 represents an integrated royalty established for the convenience of the parties in order to avoid the technical, legal and accounting complexities of analyzing and apportioning the relative contributions of the various forms of patent, copyright, and/or trade secret rights licensed to, and the various forms of technical assistance (if any) provided to, CDx in connection with the Sublicensed Products.
Convenience of the Parties. The PARTIES hereto understand and agree that the royalty payments to be made by UMC SPINOFF hereunder are based on royalty rates applied to all purchases from UMC ENTITIES by UMC SPINOFFS of all UMC SPINOFF BRANDED PRODUCTS in any country in the world regardless of whether or not a TI ENTITY has any patent in any particular country and regardless of whether there is any use of any TI PATENTS in certain countries. It is further understood that this is specifically done for the convenience of the PARTIES and their respective ENTITIES, so that separate accountings do not have to be made and separate license agreements do not have to be negotiated for all PATENTS and for each country in which the PARTIES or their respective ENTITIES hold or may hold PATENTS and do business.
Convenience of the Parties. Caltech and Licensee acknowledge that each of the royalties set forth in this Article 5 represents an integrated royalty established for the convenience of the parties in order to avoid the technical, legal and accounting complexities of analyzing and apportioning the relative contributions of the various forms of patent, copyright, and/or trade secret rights licensed to, and the various forms of technical assistance (if any) provided to, Licensee in connection with the Licensed Products, Services and Internal Projects. PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.
Convenience of the Parties. Caltech and Licensee acknowledge that each of the royalties set forth in this Article 5 represents an integrated royalty established for the convenience of the Parties in order to avoid the technical, legal and accounting complexities of analyzing and apportioning the relative contributions of the various forms of patent and/or trade secret rights licensed to Licensee hereunder.
Convenience of the Parties. The Parties acknowledge and agree that it is mutually in their best interests, including being most convenient and efficient, for Broadcom to grant Verizon a license based on the above per unit royalty payments. Both parties acknowledge that the other has offered to negotiate other methods of calculating compensation for the license granted herein, and that the above payments are freely chosen and agreed to by the Parties, as a convenience to the Parties, and each of them, and represent a convenient and fair means of measuring the value of the license granted to under this Agreement.
Convenience of the Parties. The Parties to this Contract shall have the right, in each Party’s sole discretion and at its sole option, to terminate this Contract by notifying the other Party hereto in writing of such termination at least thirty (30) calendar days prior to the effective date of such termination. Such notice of termination shall comply with the notice provisions in the Notices Section above, and shall state the effective date of such termination.