Common use of Know-How Improvements Clause in Contracts

Know-How Improvements. During the term of this Agreement, each party shall promptly inform and transfer to the other Know-How that is developed or acquired by such party. The method of such transfer shall be such as the transferor, acting in good faith and with due diligence, deems appropriate. LICENSOR shall have the right to receive and/or inspect all drawings, plans, models, specifications and worksheets relating thereto and to interview any and all of LICENSEE's employees and associated personnel and organizations having knowledge thereof. LICENSEE shall retain an exclusive license in the Territory to use such Know-How, in connection with Licensed Products, free of additional royalty charges.

Know-How Improvements. During the term of this Agreement, each party shall promptly inform and transfer to the other Know-How that is developed or acquired by such party. The method of such transfer shall be such as the transferor, acting in good faith and with due diligence, deems appropriate. LICENSOR shall have the right to receive and/or inspect all drawings, plans, models, specifications and worksheets relating thereto and to interview any and all of LICENSEE's employees and associated personnel and organizations having knowledge thereof. LICENSEE shall retain an exclusive license in the Territory to use such Know-How, in connection with Licensed Products, . free of additional royalty charges.