Improvements and Updates Clause Samples

Improvements and Updates. Evaluate IT reserves the right to: (a) add or remove additional functionality to the Website; (b) provide additional services from time to time; (c) introduce updates to the system; which may at Evaluate IT’s sole discretion either be provided as part of the System or provided for an additional fee.

Improvements and Updates. TRU reserves the right, in its sole discretion, to make any changes to the Bundled Services, without the consent of Customer, that it deems necessary or useful to: (a) maintain or enhance (i) the quality or delivery of the Bundled Services to its customers, (ii) the competitive strength of or market for the Bundled Services; or (iii) the Bundled Services’ cost efficiency or performance; or (b) to comply with applicable Law.

Improvements and Updates. 8.1 The ownership and right of IMPROVEMENTS or UPDATES with regards to the TECHNOLOGY belongs to the PARTY who made the IMPROVEMENTS or UPDATES. 8.2 For ten (10) years from the EFFECTIVE DATE, if SELLER has made any UPDATES with regard to the TECHNOL.OGY, SELLER will provide BUYER with annual update information in English language for the improvements with regards to the TECHNOLOGY. 8.3 For ten (10) years from the EFFECTIVE DATE, if BUYER has made any IMPROVEMENTS with regard to the TECHNOLOGY, BUYER will provide SELLER with annual update information in English Language for the improvements with regards to the TECHNOLOGY. 8.4 SELLER shall have the right to use the IMPROVEMENTS from BUYER, provided that: (a) The right to use the IMPROVEMENTS from BUYER refers to the right to sublicense to the third party to be used in commercial scale unit. In any case, the third party who got the sublicense should have no major interest conflict with main business of BUYER within the P.R.C Territory. Besides, SELLER should get a prior written approval from BUYER. (b) SELLER uses BUYER and/or BUYER’s AFFILIATES engineering support for the process engineering directly related to the IMPROVEMENTS, which support shall be supplied at the most favorable rates to SELLER based on BUYER’s related commercial activities then in force; and (c) As for IMPROVEMENTS used outside China, SELLER shall pay BUYER XXX royalty received from third party that is in excess of XXX of the price of ▇▇▇▇▇ crude oil (see Example Royalty Calculation in Table 1 below) Table 1 Example Royalty Calculation XXX XXX XXX (d) As for IMPROVEMENTS used within China, any running royalty derived from the use of the IMPROVEMENTS shall be shared XXX by SELLER and BUYER, XXX. 8.5 SELLER and BUYER each agrees that they will take all actions and execute all documents and will cause their employees, agents and contractors to take all actions and execute all documents as are necessary or appropriate to carry out the provisions of this chapter 8. 8.6 The rights to use the IMPROVEMENTS granted by BUYER to SELLER under this AGREEMENT shall not be interpreted as granting any proprietary rights in the IMPROVEMENTS to SELLER. Any proprietary rights or titles with respect to the IMPROVEMENTS, including any existing patent rights, shall remain with BUYER. SELLER acknowledges that BUYER owns or controls and has a proprietary interest in the IMPROVEMENTS from BUYER. SELLER hereby agrees that, unless otherwise specifically provided ...