Common use of Developed Property Clause in Contracts

Developed Property. If Embarq requests that Supplier undertake product modifications or development of new service functionalities, Supplier and Embarq will negotiate in good faith an applicable statement of work concerning the terms and conditions (including costs, timeframes, Deliverables and ownership) on which Supplier will develop and make available to Embarq and Embarq’s End Users, the product modifications or service functionalities. If the Parties do not agree on these terms and conditions, nothing in the preceding sentence obligates the Supplier to undertake the product modifications or the development of new service functionalities.

Appears in 4 contracts

Samples: Master Services Agreement (Synacor, Inc.), Master Services Agreement (Synacor, Inc.), Master Services Agreement (Synacor, Inc.)

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