Parallel Development Sample Clauses
The Parallel Development clause allows a party to independently develop products, services, or technologies that may be similar to those being developed under a current agreement, as long as such development does not use the other party’s confidential information. In practice, this means that even while collaborating, each party retains the right to pursue similar projects on their own or with third parties, provided they do not breach confidentiality or intellectual property obligations. This clause is essential for protecting a party’s freedom to innovate and preventing restrictions that could hinder their ongoing or future business activities.
Parallel Development. Licensee acknowledges that the Nintendo Entities may already be independently aware of, considering, developing or publishing content similar or identical to the proposed Game identified in the Project Review Sheet. Licensee acknowledges and agrees that this Agreement shall in no way impair the right of the Nintendo Entities to develop, make use of, procure, market, sell or distribute such content and the Nintendo Entities shall in no way be liable to Licensee in respect of any such independent and parallel awareness, consideration, development or distribution.
Parallel Development. To ensure that development in all villages in Lihir will happen in parallel to the development of the Lihir Gold Project.
Parallel Development. The PRIME will analyze, recommend and plan the development of the Modernization Blueprint “data engine” while simultaneously undertaking the requisite and related business process reengineering efforts.
Parallel Development