Examples of Stated Purpose in a sentence
Section 1.7 of the Hickory Land Development Code contains its Stated Purpose and Intent.
Nothing contained in this Agreement shall be construed as (i) an obligation to enter into any further agreement concerning the Stated Purpose or the Confidential Information, or (ii) as a grant of a license to the Confidential Information or to any patent or patent application existing now or in the future.
Stated Purpose the intended purpose of the Works: 1 stated by the Project Owner (including performance, design and functional requirements) or those purposes necessarily inferred from the contents of the Agreement; and 2 includes any purpose which, having regard to the nature of the Works and what is stated in the Agreement, could be reasonably inferred by a person experienced and competent in the performance of or implementation of works or rail infrastructure similar to the Works.
The parties agree that Confidential Information should be kept confidential and be used only for the Stated Purpose, all in accordance with the terms of this Agreement.
In addition, each party agrees not to disclose to any third party that it is in discussion with the other in connection with the Stated Purpose or its interest, or lack of interest, in the other party’s Confidential Information disclosed hereunder.