Common use of WORK, LICENSE Clause in Contracts

WORK, LICENSE. VEM agrees to use reasonable commercial efforts to perform the work (hereinafter “Work”) pursuant to purchase orders or changes thereto issued by Customer and accepted by VEM. Work shall mean to procure labor, components, materials, equipment and other supplies and to manufacture, assemble, and test printed circuit board products more particularly described on Exhibit 1.0 (hereinafter “Products”) pursuant to detailed written specifications for each such Product which are provided by Customer and accepted by VEM and to deliver such Products. For each Product or revision thereof, written specifications shall include but are not limited to ▇▇▇▇ of materials, designs, schematics, assembly drawings, process documentation, test specifications, current revision number, and approved vendor list (hereinafter “Specifications”). VEM is granted by Customer a non-exclusive license during the term of this Agreement to use Customer’s patents, trade secrets and other intellectual property as necessary to perform VEM’s obligations under this Agreement.

Appears in 3 contracts

Sources: Purchase Agreement (Masimo Corp), Purchase Agreement (Masimo Corp), Purchase Agreement (Masimo Corp)