STTP definition
Examples of STTP in a sentence
During the Term, the Parties shall exchange on a regular basis certain reasonably available technical data in connection with the performance of this Agreement, in accordance with the terms of the STTP.
FCE hereby agrees to provide POSCO Power, upon completion of payment obligations described in Section 4.1(a) hereunder, technical data and other information existing in documented form as of the Effective Date, relating to the FCE Know-How in accordance with the terms of the STTP.
The Parties acknowledge and agree that, other than the Upfront Payment and the Royalty, and certain reasonable travel, per diem, and related expenses to be reimbursed pursuant to the STTP, POSCO Power or any POSCO Affiliates shall not be liable for any fees, royalties, expenses or payments in connection with the license rights granted herein or the use by POSCO Power or POSCO Affiliates of the FCE Technology under this Agreement.
FCE will also support the program with management and expertise gathered from its manufacturing department and related departments to successfully execute this STTP.
Detailed action plans for this STTP is attached hereto an Exhibit “A” and made part hereof.
The payment standard for traveling expenses by FCE’s personnel is provided as Attachment 1 to this STTP.
The schedule for the transfer of technology between FCE and POSCO Power and/or POSCO Affiliate is provided in Exhibit “A” of this STTP.
The purpose of this STTP is to describe the transfer by FCE to POSCO Power of the FCE Technology which shall have the meaning set forth in the STTA.
FCE and POSCO Power may be referred to hereunder as the “Parties.” This STTP is made and entered into by the Parties pursuant to the Stack Technology Transfer Agreement (“STTA”) dated October 26, 2009, and is made part of the STTA.
Consistent with the objectives of the Alliance Agreement, the Parties shall use the best good faith efforts to cooperate with each other to effectuate the transactions contemplated by the STTA and this STTP.