Common use of Further Development Clause in Contracts

Further Development. All further development, improvement, modification and enhancement of the Technology shall be performed exclusively by Nextelligence. All further development, improvement, modification and enhancement of the Technology shall be owned solely by Nextelligence, but shall be deemed to be licensed to the Company pursuant to Section 2.1. Nextelligence shall invoice the Company on a monthly basis for all work performed.

Appears in 3 contracts

Samples: Technology License and Development Agreement (FreeCast, Inc.), Technology License and Development Agreement (Freecast, Inc.), Technology License and Development Agreement (Freecast, Inc.)

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Further Development. (a) All further development, improvement, modification modification, maintenance, management and enhancement of the Technology shall be performed exclusively by Nextelligence. All further development, improvement, modification and enhancement of the Technology shall be owned solely by Nextelligence, but shall be deemed to be licensed to the Company pursuant to Section 2.1. Nextelligence shall invoice the Company on a monthly basis for all work performed.

Appears in 2 contracts

Samples: Technology License and Development Agreement (FreeCast, Inc.), Technology License and Development Agreement (FreeCast, Inc.)

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