Common use of Technology Security Clause in Contracts

Technology Security. The Company shall cause SB Oils to appoint a technology officer (recommended by Solazyme, Inc.) at SB Oils who shall, in consultation with Solazyme, Inc. and Bunge Brazil (subject to the consent of Bunge Brazil and Solazyme, Inc.), determine, establish, implement and audit appropriate security procedures regarding Technology used or developed by the JV Companies, including (i) rules regarding visitation to SB Oils’ facilities, (ii) confidentiality documentation requirements and (iii) Technology access procedures and policies, including regarding the transfer of Microbes used or developed by or on behalf of the JV Companies.

Appears in 2 contracts

Sources: Joint Venture Agreement, Joint Venture Agreement (Solazyme Inc)