Productization Sample Clauses
The Productization clause defines how a party may take a developed concept, technology, or service and turn it into a market-ready product. Typically, this clause outlines the steps, responsibilities, and rights related to transforming prototypes or intellectual property into commercial offerings, including aspects such as ownership, licensing, and revenue sharing. Its core function is to clarify the process and expectations for bringing innovations to market, thereby reducing disputes and ensuring both parties understand their roles and benefits in the commercialization process.
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Productization. To the extent any Licensed Technology will be Productized for the Residential Real Estate Market, the Parties shall negotiate in good faith a Statement of Work under the Product Development Agreement. If the Parties are unable to agree to a Statement of Work within 30 days, then HVT may make such Productization itself or use third party service providers subject to the terms of this Agreement. In such event, iPIX shall deliver to HVT the relevant source code within 10 days of HVT's written request.
Productization. After testing and successful evaluation, each of the candidate services must be transferred so as to become EUDAT services. This productization process is responsible for the release management, along with the documentation for the installation and configuration of the services. A properly-functioning productization process ensures a smooth roll-out of EUDAT services to operations. This process is covered in the handover procedure which is described from the perspective of the service building process in section 2.4.