SIET definition
Examples of SIET in a sentence
Will be the technology partner for SIET while carrying out development of any Blockchain technology related projects.
Notwithstanding anything contained in this MOU the Parties agree that SofocleLabs IPR in respect of all technologies and their introduction, materials, software, program, operating system, and source codes to be provided for by SofocleLabs pursuant to this MOU belong to SofocleLabs and likewise all IPR in technologies and their introduction, materials, software, program, and source codes provided by SIET during this MOU shall belong to SIET.
The ownership of SofocleLabs Intellectual property which exists prior to the commencement of this MOU (“Pre-existing SofocleLabs Intellectual Property”) shall rest with SofocleLabs and similarly, the ownership of SIET Intellectual property which exists prior to the commencement of this MOU (“Pre-existing SIET Intellectual Property”) shall rest with SIET and the parties shall be free to evaluate such Pre-existing Intellectual Property, for considerations under this MOU.
However, SIET and / or SofocleLabs shall be at liberty to terminate the MoU forthwith in the event of any breach of confidentiality, as contained in this MOU.
Notwithstanding the obligation for maintaining confidentiality, SofocleLabs will notify SIET promptly upon the discovery of the loss, unauthorized disclosure, or unauthorized use of the Confidential Personal Information, if any.