A-55 Technology definition
Examples of A-55 Technology in a sentence
Each party further agrees that designated representatives of the other may, at reasonable times, visit the laboratory, plants, and other installations of the other in which research and operations relating to the A-55 Technology are being conducted.
Grantee shall keep true and accurate records and books of account showing the use and/or practice of the A-55 Technology by Grantee, the manufacture, marketing and sale of A-55 Clean Fuels and A-55 Products by Grantee, and all other information necessary for the accurate determination of the payments to be made to A-55 hereunder.
The parties shall promptly inform each other in writing of any modifications, variations, or improvements relating to the A-55 Technology, and the know-how licensed hereunder, which are developed by them or otherwise come to their attention.
Grantee acknowledges that such licenses may be worldwide and may include the right to utilize and practice the A-55 Technology in the Territory.
Each party hereto shall exchange with the other all technical information acquired during the term of this Agreement relating to the A-55 Technology and developments with respect to same and will communicate to the other all information and data obtained therefrom.
A-55 has not entered into any agreement or understanding, written or oral, regarding the A-55 Technology, any patent improvement thereof, or any know-how licensed hereunder, which is in conflict or inconsistent with any of the terms and conditions of this Agreement.
Notwithstanding which party hereunder shall have discovered any modification, variation or improvement to the A-55 Technology, all such modifications, variations or improvements shall be owned solely by A-55; provided, however, that Grantee shall have the right to use all modifications, variations and improvements, whether patented or unpatented, made or acquired by A-55 during the term of this Agreement without further compensation to A-55.
Grantee shall within six months of the date of this Agreement prepare and submit for approval to A-55 a business and financing plan for the use and exploitation of the A-55 Technology in the Territory.
A-55 and Grantee agree to diligently seek patent protection for all inventions, modifications and improvements to the A-55 Technology in the Territory at Grantee's expense.
Grantee shall expend its best efforts to implement or exceed the business plan and, during the term of this Agreement to exploit and commercialize the A-55 Technology within the Territory to the fullest extent commercially possible.