Common use of FRAND Clause in Contracts

FRAND. To further the Open Architecture requirements of this Contract and to optimize achievement of the Authority benefits set out in the Contract Sections immediately above, entitled "Open Standards" and "Software User Group", the Contractor agrees to provide to Third Parties licensing terms for Intellectual Property Rights owned or controlled by the Contractor in the NEPP System (including Equipment and Licensed Software), on fair, reasonable, and non-discriminatory ("FRAND") terms.

Appears in 2 contracts

Sources: Design, Build, Installation, Operation and Maintenance Agreement, Design, Build, Installation, Operation and Maintenance Agreement