Common use of Technical Interface Clause in Contracts

Technical Interface. Each party shall have a Manager for the exchange of know-how. The Manager shall supervise the exchange of know-how, arrange conferences and visitations, maintain pertinent records, and the like, and shall be responsible for authoring transmissions, disclosure and receipt of know-how. Prior to disclosure of Intellectual Property, the Manager of the supplying party shall generally identify the proposed disclosure and obtain a written agreement from the Manager of the other Party, so that the latter understands the nature of and reason for the identified disclosure and is willing to accept the identified disclosure. The identified Intellectual Property may thereafter be disclosed by the Manager of the disclosing party to the Manager of the other party under a Confidential Information designation. Such disclosure shall be deemed to be confidential only to the extent that it is received in writing from the disclosing party, or, if received only to the extent that it is confirmed in writing by the disclosing party within fourteen (14) days of the oral disclosure. The receipt of confidential Intellectual Property shall be promptly acknowledged in writing by the Manager of Atlantic. Respecting any confidential Intellectual Property transmitted and received in accordance with Article 5, to the extent that such Intellectual Property remains confidential pursuant to Article 5, Atlantic shall use the same efforts to avoid publication or dissemination of such confidential Intellectual Property as it employs with respect to information of its own which it does not desire to be published or disseminated. Notwithstanding expiration or termination of this Agreement pursuant to Articles 9 and 10, this paragraph shall remain effective for another two (2) years from the date of expiration or termination of this Agreement.

Technical Interface. Each party shall have a Manager for the exchange of know-how. The Manager shall supervise the exchange of know-how, arrange conferences and visitations, maintain pertinent records, and the like, and shall be responsible for authoring transmissions, disclosure and receipt of know-how. Prior to disclosure of Intellectual Property, the Manager of the supplying party shall generally identify the proposed disclosure and obtain a written agreement from the Manager of the other Partyparty, so that the latter understands the nature of and reason for the identified disclosure and is willing to accept the identified disclosure. The identified Intellectual Property may thereafter be disclosed by the Manager of the disclosing party to the Manager of the other party under a Confidential Information designation. Such disclosure shall be deemed to be confidential only to the extent that it is received in writing from the disclosing party, or, if received only to the extent that it is confirmed in writing by the disclosing party within fourteen (14) days of the oral disclosure. The receipt of confidential Intellectual Property shall be promptly acknowledged in writing by the Manager of AtlanticLMC. Respecting any confidential Intellectual Property transmitted and received in accordance with Article 55.3, to the extent that such Intellectual Property remains confidential pursuant to Article 55.3, Atlantic LMC shall use the same efforts to avoid publication or dissemination of such confidential Intellectual Property as it employs with respect to information of its own which it does not desire to be published or disseminated. Notwithstanding expiration or termination of this Agreement pursuant to Articles 9 and 10, this paragraph shall remain effective for another two (2) years from the date of expiration or termination of this Agreement.