VMC Sample Clauses
The VMC (Variable Manufacturing Cost) clause defines how variable manufacturing costs are calculated and allocated between parties in a contract. Typically, this clause outlines which expenses are considered variable, such as raw materials, direct labor, and utilities, and may specify the method for tracking and reporting these costs. By clearly establishing the treatment of variable manufacturing costs, the clause ensures transparency in pricing and cost-sharing, helping to prevent disputes over cost allocation and supporting accurate financial planning.
VMC. (a) VMC must obtain or procure at its own cost, all licences and consents from third parties, to provide the VMC Content to customers without infringing any laws or other rights (including Intellectual Property Rights or moral rights) of any person.
(b) VMC must ensure that each person involved in creating all or any part of the VMC Content and each person whose performance is recorded in any VMC Content irrevocably waives any and all moral rights they have in each copyright work or other subject matter comprised in the VMC Content and consents to their use on the VMC Website.
(c) VMC or its licensors own all Intellectual Property Rights in and to the VMC Website, the VMC Content and the VMC Brand Materials, and any modifications made to the VMC Website, VMC Content or VMC Brand Materials.
(d) VMC grants Telstra a non-exclusive, royalty-free, irrevocable licence during the Term in Australia to use, reproduce, modify, repurpose and communicate to the public:
(i) the VMC Brand Materials; and
(ii) the VMC Content, solely for the purposes set out in this Agreement.
VMC. Only the employee, City Manager, Union representative, Union attorney, or City Attorney (or designated legal advisor) may attend the meeting. If the City Manager grants defense and indemnification to the employee under chapter 2.46 VMC, no such meeting shall be required or held.
VMC. VMC warrants that:
(a) it has the power to enter into this Agreement and the rights necessary to grant the rights conferred by it under this Agreement and perform its obligations under this Agreement;
(b) it will perform its obligations under this Agreement with due care and skill and in accordance with all applicable laws and regulations;
(c) it has obtained all necessary licences to use or reproduce any third party owned intellectual property on the VMC Wesbite, and it will not use or reproduce any third party intellectual property on the VMC Website without first obtaining all necessary licences to do so.
(d) the entry into and performance of this Agreement will not breach any other agreement to which it is a party or any obligations it owes to a third party;
(e) all information provided by it to Telstra pertaining to the VMC Website, and in particular, user statistics, is true, accurate and not misleading;
(f) all claims on the “Advertise with us” section of the VMC Website are, and will remain, true accurate and not misleading;