Other Agreed Upon Technologies Clause Samples
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Other Agreed Upon Technologies. In conformity with the objectives of the Parties to expand the Business over time, products, materials and/or technologies, including any New ▇▇▇▇▇▇▇▇ Technology, identified by the Parties over time which are both compatible with the Business and susceptible of being profitably marketed through and/or by the Company in the Territory. Upon agreement of the Parties, in writing, to adopt such new products, materials and/or technologies within the scope of the Company’s activities, and successful negotiation of all requisite commercial rights to commercialize such new products, materials and/or technologies in the Territory, such new products, materials and/or technologies shall be deemed to be incorporated within the Business as “Other Agreed Upon Technologies” to be treated as set forth in the Joint Venture Agreement and/or the Ancillary Agreements.
Other Agreed Upon Technologies. In conformity with the objectives of the Parties hereto to expand the commercial activities of Fibro-NTI over time, the Parties shall endeavor to identify products, materials and/or technologies, which are both compatible with the Corporation’s Business, and susceptible of being profitably marketed through and/or by the Corporation in the Territory. Upon joint agreement of the Parties, in writing, to adopt such new products, materials and/or technologies within the scope of the Corporation’s activities, and successful negotiation of requisite commercial rights to commercialize such new products, materials and/or technologies in the Territory, such new products, materials and/or technologies shall be deemed to be incorporated within the Corporation’s activities as “Other Agreed Upon Technologies” to be treated as set forth in the Shareholders Joint Venture Agreement and the Ancillary Agreements.
Other Agreed Upon Technologies. 7
5.1 Agreement of the Parties re: Other Agreed Upon Technologies 7 5.2 Search for Other Agreed Upon Technologies 7 5.3 Licensing Strategy for Other Agreed Upon Technologies. 7 5.4 Development of the Market for Other Agreed Upon Technologies. 8
Other Agreed Upon Technologies. 5.1 Uncertainty as to Market Structure. The Parties recognize that the structure of the market for each Other Agreed Upon Technology in the Territory may require a different marketing approach from that required by the structure of the market for the Polymer Recycling Technology. There is therefore an element of uncertainty relative to the market for Other Agreed Upon Technologies in the Territory, for planning purposes.
5.2 Determination of Services to be Performed. Accordingly, under this Technical Assistance Agreement, The ▇▇▇▇▇▇▇▇ Trust and ▇▇▇▇▇▇▇▇ shall use their best efforts to perform essentially the same range of services with respect to Other Agreed Upon Technologies that The ▇▇▇▇▇▇▇▇ Trust and ▇▇▇▇▇▇▇▇ do in the ordinary course of business with respect to the Polymer Recycling Technology, adjusted as commensurate to the commercial and financial potential of each individual market for Other Agreed Upon Technologies in the Territory.
Other Agreed Upon Technologies. 5.1 Uncertainty as to Market Structure. The Parties recognize that the structure of the market for each Other Agreed Upon Technology in the Territory may require a different marketing approach from that required by the structure of the market for the Polymer Recycling Technology. There is therefore an element of uncertainty relative to the market for Other Agreed Upon Technologies in the Territory, for planning purposes.