MSFP definition
Examples of MSFP in a sentence
Either party may request changes to the Final Specifications during the development of MSFP II.
The development of MSFP II shall be deemed completed upon Sony's acceptance of the final milestone as set forth in the Development Schedule, but shall in no event be later than March 31, 2000.
SmartDisk hereby grants and agrees to grant to Sony a non-exclusive, worldwide, fully-paid right and license to market, sell and distribute those portions of FlashPath (and Intellectual Property Rights incorporated therein) which are incorporated in MSFP II for a period of five (5) years from the Effective Date and to grant sublicenses of the foregoing to distributors of Sony products.
If SmartDisk choose the option (c) and as a result, the development of MSFP II hereunder is delayed by more than ninety (90) days, Sony shall have the right to terminate this Agreement, and SmartDisk shall reimburse Sony, in such amounts as the parties shall agree but in no event more than the payments made by Sony hereunder.
SmartDisk shall purchase on behalf of Sony, and as Sony's purchasing agent, tooling and dies for the manufacture of MSFP II.
Sony will indemnify and hold harmless SmartDisk from and against all claims, actions, damages, costs and expenses (including attorneys' fees) arising out of any actual or threatened claim of infringement of any patent , or any copyright, trademark, or trade secret arising out of the Memory Stick or any of Sony's other contributions to MSFP II, only as used in MSFP II, including arising from Sony's instructions and technical assistance.
In addition to the requirements set forth in the Final Specifications and Development Schedule, Sony agrees to provide technology resources which Sony deems necessary to assist in SmartDisk's understanding of the Memory Stick so as to enable SmartDisk to develop MSFP II.
Notwithstanding the grant of non-exclusive rights by Sony as set forth above, the parties understand and agree that SmartDisk shall be the exclusive developer of MSFP II as developed in accordance with the Final Specifications and Sony's technical assistance.
In consideration of the development of MSFP II, Sony shall pay to SmartDisk the development fees set forth in EXHIBIT F attached hereto and incorporated herein by reference (the "FEES").
In addition, Sony hereby grants and agrees to grant to SmartDisk a perpetual, exclusive, worldwide, fully-paid right and license to make, have made, use and reproduce the Memory Stick ASIC Components and the Specified Driver Source Code for the sole purposes of designing, developing, manufacturing, testing, performing quality assurance, performing quality control, improving and providing support and maintenance for MSFP II and any other product which SmartDisk may develop and supply to Sony in the future.