Draft Specification Clause Samples
The Draft Specification clause defines the initial set of requirements, designs, or technical details that serve as the foundation for a project or product under the agreement. Typically, this clause outlines how the draft specification will be prepared, reviewed, and potentially revised by the parties before final approval. For example, it may specify timelines for submission, the process for providing feedback, and the criteria for acceptance. Its core practical function is to ensure that both parties have a clear, mutually agreed-upon understanding of the project's scope and deliverables before work proceeds, thereby reducing the risk of misunderstandings or disputes later in the process.
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Draft Specification. The initial Technical Working Group will develop the Draft Specification according to requirements and procedures developed and approved by the Management Group.
Draft Specification. Until the Promoters adopt the Final Specification and make it generally publicly available, Contributor will maintain all versions and revisions of the Draft Specifications (“Confidential Material”) in confidence with at least the same degree of care that it uses to protect its own confidential and proprietary information, but no less than a reasonable degree of care under the circumstances and will not use, disclose or copy the Confidential Material except as necessary for its employees with a need to know to evaluate and comment thereon. Contributor shall ▇▇▇▇ any copies it makes “confidential,” “proprietary” or with a similar legend and shall reproduce all copyright notices and disclaimers therein. Unless the parties agree otherwise, this obligation of confidentiality will expire five (5) years from the date of disclosure to Contributor, provided that Confidential Material shall not include any information that is (a) rightfully in the public domain other than by a breach of a duty to the disclosing party; (b) rightfully received from a third party without any obligation of confidentiality; (c) rightfully known to the receiving party without any limitation on use or disclosure prior to its receipt from the disclosing party; (d) independently developed by employees of the receiving party; or (e) generally made available to third parties by the disclosing party without restriction on disclosure.