Economic Value. If a Proposal is deemed an Improvement pursuant to Section 7.7, and if such Improvement is deemed by the Steering Committee to be likely to affect the sales price of a CoSeal Unit by more than fifty percent (50%) as compared to the unimproved CoSeal Unit, then the Heads shall determine whether such Improvement justifies setting forth the Parties’ rights, responsibilities and Net Sales sharing with respect to such Improvement in a separate agreement between the Parties, or whether such Improvement shall be governed by this Distribution and License Agreement.
Economic Value. For the purposes of this Agreement the parties agree to assign the following values (the “Economic Values”) to each type of Equipment:
Economic Value. The Economic Value shall mean the absolute dollar value calculated pursuant to Section 3 that will range from $0 to $500,000.
Economic Value. In the event that Northern implements a rate design different from that existing as of the date hereof, or Northern's maximum tariff rate is reduced from that existing as of the date hereof, the rate stated herein shall be adjusted, consistent with the rate change, to achieve the same economic value to both Parties based on 100% load factor utilization.
Economic Value. 19. In fact, the secret character of confidential information takes precedence over all other conditions of protection. If the justification of the protection is to be found in its economic value, in the need to protect the investment made towards gaining the know-how protected as confidential information, the legal regime only imperfectly mirrors that moral justification, "10 For the purpose of this provision", "a manner contrary to honest commercial practices" shall mean at least practices such as breach of contract, breach of confidence and inducement to breach, and includes the acquisition of undisclosed information by third parties who knew, or were grossly negligent in failing to know, that such practices were involved in the "acquisition". because what is alluded to by the requirement of "commercial value" is not the proof of a determined investment, but the proof that the trade secret firstly pertains to the business sphere of the owner - and not, for example, to his intimate or private sphere, an area with which the GATT negotiations had no mandate to interfere; further, the information must be scarce, i.e. must not be easy of access. This is not materially different from the secrecy, but the concept of "commercial value" is more appropriate to cover the sheer difficulty of obtaining the techniques or the information in question. The requirement of scarcity implicit in the express requirement of "commercial value" is therefore but another aspect of the condition of secrecy. In that sense, it was not mistaken to say that the value derives from the secrecy (Art. 39 [2] [b]). There is a further implication to the requirement of commercial value : it alludes to the well- known maxim "de minimis non curat praetor".
