NCD Software definition
Examples of NCD Software in a sentence
This Assignment and Assumption of Contracts Agreement (this "Assignment") is entered into by and among Network Computing Devices, Inc., a California corporation ("NCD"), NCD Software Corporation, a California corporation ("Sub," and together with NCD, "Assignor"), and NetManage, Inc., a Delaware corporation ("Assignee").
Intel or its subcontractor agrees not to reverse engineer any NCD Confidential Information or products and will not decompile or disassemble any NCD Software, which is furnished to Intel by NCD under this Agreement.
In this event, Intel and NCD agree to negotiate in good faith, on a case-by-case basis, to grant Intel the right to sublicense the Design to another third party (under non-disclosure terms with, and if requested by, such third party) subject to NCD and Intel reaching a mutual agreement on terms which shall include but are not limited to royalties associated with the Design and NCD Software.
Even though this provision is entitled "buyout" and utilizes the phrase "buyout option" throughout, in all cases NCD retains its ownership rights to the Design and all NCD Software.