Common use of Joint Development Clause in Contracts

Joint Development. If ITC and NCT agree jointly to develop microprocessors or semiconductor chips not otherwise contemplated hereby, either under a funded development project or ITC's Publishing Business model (including the general purpose JAVA(TM) processor and any JAVA(TM) based DSP SoC), ITC shall agree to sell to NCT such microprocessors or chips at the best price charged to ITC's customers for such microprocessors or chips or for microprocessors or chips of similar complexity, performance and manufacturing technology. NCT shall have the right to incorporate or use them in NCT-sponsored products.

Appears in 3 contracts

Samples: Strategic Alliance and Technology Development Amendment (NCT Group Inc), Strategic Alliance and Technology Development Amendment (NCT Group Inc), Strategic Alliance and Technology Development Amendment (NCT Group Inc)

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Joint Development. If ITC and NCT agree jointly to develop microprocessors or semiconductor chips not otherwise contemplated hereby, either under a funded development project or ITC's Publishing Business model (including the general purpose JAVA(TM) processor and any a JAVA(TM) based DSP SoC), ITC shall agree to sell to NCT such microprocessors or chips at the best price charged to ITC's customers for such microprocessors or chips or for microprocessors or chips of similar complexity, performance and manufacturing technology. NCT shall have the right to resale such microprocessors or chips and to incorporate or use them in NCT-sponsored products.

Appears in 1 contract

Samples: Strategic Alliance and Technology License Agreement (NCT Group Inc)

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