Common use of Technology Sharing Clause in Contracts

Technology Sharing. Each of AL2, ReSound and Danavox will make available to the other parties the use of its respective Technology to perform its portions of the Development Program, will provide to the other parties, as soon as reasonably available, copies of the tangible aspects of such Technology including, without limitation, layout design vellums, specifications and other engineering documents, and, subject to the terms and conditions of this Agreement, will supply the personnel, facilities, and materials necessary to carry out its respective portion of the Development Program and to allow the manufacture, use and selling of the Products pursuant to the licenses granted under this Agreement. In particular, AL2 shall be responsible for providing the AL2 Technology, Danavox shall be responsible for providing the Danavox Technology and ReSound shall be responsible for providing the ReSound Technology.

Appears in 2 contracts

Sources: Development, Licensing and Distribution Agreement (Resound Corp), Development, Licensing and Distribution Agreement (Resound Corp)