Designation of Know Sample Clauses

Designation of Know. How NU and the Company shall, upon consultation, promptly designate certain Research Results in the Report as Know-How. When designating the Research Results as Know-How, the term of confidentiality for such Know- How shall be explicitly specified. The term of the confidentiality as provided in the preceding Paragraph shall be determined upon consultation between NU and the Company; provided that, as a general rule, such term shall be five (5) years from the day following the date of the completion of the Joint Research; provided, however, that, if necessary after the designation, such term may be extended or shortened upon consultation between NU and the Company. Joint Research Expenses The Company shall bear the direct and indirect costs provided in Exhibit 2 hereto as well as the research fees for the corporate researchers (the “Joint Research Expenses”). The Company shall pay the Joint Research Expenses provided in the preceding Paragraph pursuant to an invoice issued by NU’s finance manager within thirty (30) days commencing from the day following the date of the issuance of the invoice (the “Payment Deadline”). Remittance fees and any other payment costs shall be borne by the Company. If the Company fails to pay the Joint Research Expenses provided in Paragraph 1 by the Payment Deadline, the Company shall pay a late charge at a rate of five percent (3%) per annum of the unpaid amount, for the number of days from the day following the date of the Payment Deadline to the payment date. If there is a shortage of Joint Research Expenses during the term of this Agreement, NU and the Company shall immediately notify the other party in writing. Promptly thereafter, NU and the Company shall consult on the Joint Research Expenses that may run short.
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Designation of Know. How TUAT and Company shall designate portions of Research Results as Know-How. In such designation of Know-How, both Parties shall discuss and decide the period of confidentiality. When it is necessary, such period of confidentiality may be extended or shortened through discussions and agreement by both Parties.
Sample 1

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