Examples of Stated Purpose in a sentence
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.
IIT and the Company shall limit disclosure of any Confidential Information received hereunder to only those of its officers, employees, students and/or agents (and the officers, employees and agents, of any of its parent, subsidiary or affiliated corporations), who need to know the Confidential Information in connection with the Stated Purpose.
IIT and the Company will retain in confidence, for a period of ( ) years following the Termination Date (as defined in Section 5 below), all Confidential Information disclosed to it by the other party, and will not, without the prior written consent thereof, use the Confidential Information supplied hereunder for any purpose other than the Stated Purpose.
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.
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.