Evaluation Samples definition
Examples of Evaluation Samples in a sentence
NXT-ID shall pay all shipping costs including, without limiting the generality of the foregoing, export duties, import duties, applicable taxes, appropriate insurance and storage costs incurred in connection with the Evaluation Samples after they leave Identita’s shipping dock at its manufacturing facility (FOB IDENTITA FACILITY).
Identita grants to NXT-ID an irrevocable, non-exclusive, royalty free, perpetual licence to use the Technology as incorporated by Identita in the Evaluation Samples.
This Agreement shall come into effect on the Effective Date and shall continue in full force and effect, unless terminated earlier in accordance with the terms hereof, until such time as the Evaluation Samples (fully compliant with every respect of the Specifications) are delivered to NXT-ID or such other period as the Parties may mutually agree upon (the “Term”).
NXT-ID and Identita may, at NXT-ID’s election, review the Specifications and, if mutually agreed, revise the Specifications to facilitate the design and manufacture of conforming Evaluation Samples.
The parties shall, at NXT-ID’s election and on mutually acceptable terms and conditions, work together cooperatively until the Evaluation Samples comply with the Specifications, failing which NXT-ID retains the right to terminate this Agreement.
Excluding taxes based on Identita’s income, NXT-ID is liable for VAT and any sales tax relating to the Development and Manufacturing Services and the Evaluation Samples including withholding taxes, unless NXT-ID has provided Identita with a valid tax exemption or direct pay certificate.
Within a period of 7 (seven) Working Days after completion of the matters contemplated by Article 2.1 of this Agreement and the Evaluation Samples being acceptable to NXT-ID, then NXT-ID shall remit payment as presented in Article 3.1.
Identita shall provide NXT-ID, on a bi-weekly basis (or such other period as may be agreed between the parties from time to time), a detailed progress report on the development of the Evaluation Samples.
Identita agrees to deliver the Evaluation Samples, to the destination and on the delivery schedule to be prescribed under Article 2.1(b).
Identita shall, at its own costs and expense, improve the Evaluation Samples in accordance with the Notice of non-conformity and ensure compliance with the Specifications and shall deliver to NXT-ID the new updated Evaluation Samples, within 60 (sixty) Working Days of the Notice of non-conformity, conforming to the Specifications or to the new Specifications contained in the Notice of non-conformity, or such other date as may be separately agreed between the parties.