Common use of Specification Development Clause in Contracts

Specification Development. Non-final revisions of the Specification may be designated unreleased or released and shall be maintained in confidence and only disclosed pursuant to the terms herein. Unreleased revisions shall only be shared among the Sponsors and Participants. Agreement of a 2/3 majority of the Sponsors is required to designate an unreleased revision as a released revision.

Appears in 1 contract

Sources: Sponsors' Agreement (Intellon Corp)

Specification Development. Non-final revisions of the Specification ------------------------- may be designated unreleased or released and shall be maintained in confidence and only disclosed pursuant to the terms herein. Unreleased revisions shall only be shared among the Sponsors and ParticipantsPromoters. Agreement of a 2/3 majority of the Sponsors Promoters is required to designate an unreleased revision as a released revision. Once a revision of the Specification has been authorized for release, a Promoter may provide a copy of such revision to a Participant and solicit suggestions for incorporation in the Specification from the Participant.

Appears in 1 contract

Sources: Promoter's Agreement (Tut Systems Inc)