Common use of Purposes of the Joint Venture Clause in Contracts

Purposes of the Joint Venture. The purposes of the JOINT VENTURE are as follows: 2.1.1. To conduct Company’s Business for the benefit of the Parties; 2.1.2. To protect and preserve TFP Intellectual Property Rights together with TFP Trade Secrets in the Territory under the terms of this Agreement and the Ancillary Agreement; 2.1.3. To manufacture, promote sell, distribute or enter into other business transactions related to TFP Product in the Territory under the terms hereof and of the Ancillary Agreements; 2.1.4. To provide for the implementation of the Ancillary Agreement for the benefit of the respective Parties; and 2.1.5. To manufacture, promote sell, distribute or enter into other business transactions related to Other Agreed Upon Technologies in the Territory under the terms hereof and of the Ancillary Agreement.