Common use of Future Discussions Clause in Contracts

Future Discussions. 8.1 Each party confirms its willingness to enter into good faith negotiations to attempt to reach mutual agreement on commercially reasonable terms and conditions to license to the other party, on a non-exclusive basis, its technologies or patents listed under Chapter II in Appendix B. Neither party envisages granting exclusive licenses under Chapter II of Appendix B to a third party. In the event, however, that either party wishes to initiate negotiations that would grant an exclusive license to a third party for a patent or technology listed under Chapter II in Appendix B, for a period of five (5) years following the signing of this Agreement, such party will not do so without first discussing with the other party the possibility of licensing to the other party such patent or technology. 8.2 The parties also confirm their willingness to discuss mutually advantageous business arrangements with respect to additional technologies useful in the framework of this Agreement, which are not included in Appendix A or Appendix B, that they may develop, or acquire rights to, in the future.