Research and Development Projects Sample Clauses
The 'Research and Development Projects' clause defines the terms and conditions under which parties collaborate on research and development activities. It typically outlines the scope of the projects, responsibilities of each party, ownership of resulting intellectual property, and procedures for sharing results or handling confidential information. By clearly delineating roles and expectations, this clause helps prevent disputes, ensures efficient project management, and protects the interests of all parties involved in joint innovation efforts.
Research and Development Projects. 62 SCHEDULE K ..................................................................................................................................... 63
Research and Development Projects. Any material research and development projects to be undertaken by QA will be subject to approval of CLMI's Board of Directors.
Research and Development Projects. Section 3.16(u) of the Company Disclosure Schedule contains a list of all material research and development projects currently in progress which are conducted or proposed to be conducted by the Company.
Research and Development Projects. 5.1. The Parties shall consider during the Term proposals to work jointly on research and/or development projects for bonding wire development (“R&D Projects”). The Parties shall meet at least once each calendar year to propose and discuss R&D Projects. Either Party may provide the other Party with a written proposal for an R&D Project. The proposal shall set out a deadline of at least sixty (60) days to respond in writing as to whether the other Party wishes to participate on the R&D Project. If the Party receiving the proposal elects to participate in the R&D Project, the Parties shall use reasonable best efforts to agree upon the terms and conditions for the R&D Project, including the activities and materials to be provided by each Party, how the costs and expenses will be borne by the Parties, and whether a royalty will be paid by one party to the other. Any such royalty shall be agreed upon by the Parties prior to work beginning on a proposed R&D Project. The Parties will meet at least quarterly to review the progress of accepted R&D Projects.
5.1.1. K&S shall not undertake any R&D Project with a bonding wire manufacturer other than Purchaser unless K&S has first offered participation in such R&D Project to Purchaser in accordance with this Agreement and either (i) Purchaser has not elected in writing to participate in such project or (ii) K&S and Purchaser are unable to agree on the terms and conditions of the R&D Project, after good faith negotiations, within sixty (60) days of the date that K&S first offered participation in such R&D Project to Purchaser.
5.1.2. Purchaser shall not undertake any R&D Project with a wire bonder manufacturer other than K&S unless Purchaser has first offered participation in such R&D Project to K&S in accordance with this Agreement and either (i) K&S has not elected to participate or (ii) K&S and Purchaser are unable to agree on the terms and conditions of the R&D Project, after good faith negotiations, within sixty (60) days of the date that Purchaser first offered participation in such R&D Project to K&S.
5.2. In the event any patents, trademarks, copyrights, trade secrets, know how, novel processes, methods, software, or inventions, whether patentable or not, are jointly conceived, jointly reduced to practice and/or jointly developed by the Parties during or as a result of an R&D Project or otherwise (“Intellectual Property”), unless otherwise agreed to by the Parties, and such Intellectual Property pertaining to bo...
Research and Development Projects. Add the following paragraphs at the end of Section 3.01 as follows: "During the Term of the Agreement, the parties shall meet no less frequently than annually at a mutually agreeable time and place at which MEMC shall advise PHC of the nature of any major research or pilot plant projects within the Field of this Agreement which MEMC is undertaking. In addition, during the Term of the Agreement, MEMC shall periodically advise PHC of the status and progress of projects in the Field of the Agreement which MEMC has undertaken via its "Product and Process Pipeline" program (the program under which MEMC currently directs its research and development activities) or any similar successor program. During the Term of this Agreement, if PHC requests information regarding a technical improvement or development of MEMC (either product or process-related) within the Field of the Agreement and PHC and MEMC agree that PHC has a commercial requirement for such information, then MEMC will make available to PHC the necessary technical information if MEMC has incorporated the improvement or development into any of its Plants. If MEMC has not incorporated the improvement or development into any of its Plants, the parties will either agree for MEMC to transfer the information to PHC at a later stage of development or for PHC to participate in the development. PHC may undertake its own research or pilot plant projects provided such projects (i) are not duplicative of any MEMC projects, (ii) are mutually beneficial, and (iii) are agreed upon by both parties."
Research and Development Projects. Schedule 4.9.14 contains a list of all material research and development projects currently in progress which are conducted or proposed to be conducted by the Company.
Research and Development Projects