Interface Development. Yclip will develop an interface and/or a web site between CSI's server and Yclip by June 1, 2000 that will allow: (i) each party to transmit the Transmitted Data to one another (through Yclip); and (ii) FDMS to provide the Fulfillment Services (the "Program Interface"). The parties will provide reasonable cooperation, information and assistance in order to achieve development of the Program Interface. FDMS and/or Yclip shall own all rights in or to the Program Interface, subject to CSI's rights under Section 23 (Ownership). If Yclip fails to "develop" the Program Interface by June 1, 2000, then FDMS shall pay to CSI a late fee in the amount of $25,000. As used herein, "develop" shall mean having the Program Interface in a state of operation wherein it is capable of being reasonably tested but not necessarily of being able to function in a production mode.
Appears in 2 contracts
Sources: Program Agreement (Coolsavings Com Inc), Program Agreement (Coolsavings Com Inc)