Common use of Ethics and Compliance with Law Clause in Contracts

Ethics and Compliance with Law. Both ASSIGNOR and ASSIGNEE covenant each with the other, that they will maintain the highest ethical business standards and avoid and refrain from being involved in any activities which may in any manner disparage the ASSIGNOR’S or ASSIGNEE’S Products. Furthermore in the conduct of its business, both ASSIGNOR and ASSIGNEE will comply with all applicable Federal, State and local laws, rules and regulations.

Appears in 5 contracts

Samples: Modification Agreement of the Assignment of Intellectual Property, Ip Transfer Agreement (Endeavor Power Corp), Modification Agreement of the Assignment of Intellectual Property (Endeavor Power Corp)

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Ethics and Compliance with Law. Both ASSIGNOR LICENSOR and ASSIGNEE LICENSEE covenant each with the other, that they will maintain the highest ethical business standards and avoid and refrain from being involved in any activities which may in any manner disparage the ASSIGNORLICENSOR’S or ASSIGNEELICENSEE’S Products. Furthermore in the conduct of its business, both ASSIGNOR LICENSOR and ASSIGNEE LICENSEE will comply with all applicable Federal, State and local laws, rules and regulations.

Appears in 4 contracts

Samples: License Agreement (Eaton Scientific Systems, Inc.), License Agreement (Endeavor Power Corp), Modification Agreement of the License of Intellectual Property (Parallax Diagnostics, Inc.)

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