MDDP definition
Examples of MDDP in a sentence
ITC agrees that such right to use the Program and the Know-How to carry out its responsibilities under this Agreement for the Customer at the MDDP shall not be for any other benefit or transferred to any other person or company.
Any Know-How (i) provided to ITC by FTI in furtherance of this Agreement, (ii) created by ITC or FTI in furtherance of this Agreement, and (iii) provided by the Customer during the MDDP, is, and will be, FTI's sole property, and does not constitute work for hire under any applicable law.
Instead, this Agreement is a teaming arrangement among equal team members for the purpose of the MDDP for the Customer.
The Costs shall include the necessary expense for modeling, engineering, program installation and maintenance, and chemical supply required for the Program for the MDDP.
FTI or ITC may employ a 3rd party to provide products and/or services associated with the MDDP, provided that i) SMB approves each such arrangement, and ii) each such third party shall enter into an NDA in the form and substance shown in Exhibit 1 prior to each third party's access to any FTI Confidential Information.
However, subject to the other requirements of this Agreement, the actual business plan structure of the MDDP shall be discussed and agreed upon by the SMB.
Nothing in this Agreement, no action by the SMB, no performance under this Agreement, and no actions by FTI, whether express or implied, or otherwise will result in FTI granting any right, title or interest in or to the Know-How; provided that FTI will grant ITC a limited right to use the Program and the Know-How solely for the purpose of ITC carrying out its responsibilities under this Agreement for the Customer at the MDDP.
Except for the License (as defined in the Agreement), the SMB shall determine the most appropriate Supplier Entity to contract with the Customer to supply the Program to the Customer for the MDDP with a contractual structure suitable to the Customer specifics, e.g., prime/sub contract arrangement, etc.
CHEMICAL SUPPLY - The chemical supplied to the Customer under the Customer Agreement for the MDDP will be provided as follows: Supplier Entity will purchase Program chemical from FTI at delivered cost from FTI (excluding any value added tax and custom tax burden costs), and Supplier Entity will resell such chemicals to Customer.
The Parties agree that this Term Sheet will provide guidance and serve as a reference for the SMB's business planning deliberations for the MDDP, but that except as expressly provided in the Agreement (including without limitation in respect of the Know-How and the License), the terms and conditions of the Demo Customer Agreement shall be in the commercially reasonable discretion of the SMB.