Equipment and Technology Transfer Sample Clauses

Equipment and Technology Transfer. In connection with the grant of the OVP License to SICPA or its third party designee, Flex shall also: (i) offer to sell to the designated licensee any equipment then being utilized by Flex for the production of OVP hereunder at its then current fair market value as determined by its replacement cost and offer an easement or other interest at fair market value for use of such equipment at Flex's premises (in each case, such value or cost to be determined by an independent appraisal if the parties shall be unable to agree thereon); and (ii) offer to provide to the designated licensee at Flex's facilities such engineering and other technical assistance as may be reasonably necessary to enable such licensee to resume the production of OVP (but not to exceed one hundred (100) man/woman hours), at rates equal to those charged for comparable professional expertise within the industry and with all other out-of-pocket costs associated therewith to be borne by such licensee.