Payment for Work Product Sample Clauses

Payment for Work Product. ADOT currently anticipates offering each unsuccessful Short-Listed Proposer that submits a responsive proposal to the RFP a stipend in exchange for ownership of the Proposal work product and the ideas created in such Proposal. Any payment of such stipend shall be provided in return for the transfer and assignment to ADOT of rights to intellectual property, ideas, materials, techniques, concepts, and approaches included in the unsuccessful Short-Listed Proposer’s Proposal, and ADOT reserves the right to use such property, ideas, materials, techniques, and approaches in connection with a P3 Agreement awarded for the Project, or in connection with any subsequent procurement, with no obligation to pay additional compensation to the unsuccessful Short-Listed Proposer. It is currently anticipated that the payment for work product shall be paid to eligible Short-Listed Proposers within ninety

Payment for Work Product. ‌ ADOT currently anticipates offering each unsuccessful Short-Listed Proposer that submits a responsive proposal to the RFP a stipend in exchange for ownership of the Proposal work product and the ideas created in such Proposal. Any payment of such stipend shall be provided in return for the transfer and assignment to ADOT of rights to intellectual property, ideas, materials, techniques, concepts, and approaches included in the unsuccessful Short-Listed Proposer’s Proposal, and ADOT reserves the right to use such property, ideas, materials, techniques, and approaches in connection with a P3 Agreement awarded for the Project, or in connection with any subsequent procurement, with no obligation to pay additional compensation to the unsuccessful Short-Listed Proposer. It is currently anticipated that the payment for work product shall be paid to eligible Short-Listed Proposers within ninety (90) calendar days after financial close or the decision not to award. Short-Listed Proposers eligible for the stipend will have the option to forego the stipend and retain such intellectual property rights. Additional details about the stipend and specific provisions regarding payment of the stipulated amount shall be included in the RFP. No payment shall be made in connection with this RFQ, and no payment will be made to Proposers that are not short-listed, fail to submit responsive Proposals by the SOQ Submittal Deadline or are disqualified from the process prior to award.

Payment for Work Product. As contemplated by Texas Transportation Code Section 223.249, TxDOT intends to pay each unsuccessful Proposer that submits a Proposal responsive to the RFP a payment for work product up to a maximum amount set forth in the RFP, and not to exceed the value of the work product contained in its Proposal that TxDOT determines can be used in performance of its functions. Specific provisions regarding the payment for work product shall be included in the RFP. There will be no payment to Proposers who are not shortlisted.