Common use of Secret Processes Clause in Contracts

Secret Processes. a) Licenser hereby grants to Licensee the exclusive and perpetual right to manufacture and use the Licensed Processes within a Licensed Area. The Licensed Processes shall be transferred to the Licensee as soon as possible after the date of this agreement; such transfer to be completed not later than ninety (90) days from the date of this agreement, in the form of reports, drawings, designs, specification, blueprints and written descriptions of manufacturing processes which will be delivered to Licensee. b) By such grant, Licensee agrees not to disclose the Licensed Processes to any one else for any use whatsoever. By such grant, Licenser shall have the exclusive right to prevent the unauthorized use of the Licensed Processes and the unauthorized use and sale of the Licensed Processes in any Licensed Area. c) Licenser shall furnish in good faith the data and other material sufficient to transfer the Licensed Processes covered by this agreement. Licenser warrants that the processes, formulae, technical data and know how will be sufficient and suitable for the production of the equipment to a quality comparable to the quality now produced by the Licenser, provided that Licensee at all times conforms strictly with the processes, formulae, technical data and 'know how' transferred to it by Licenser and provided that Licensee at all times installs and uses the Equipment required and purchases and uses the raw materials the standard of quality required. d) The rights and license herein granted shall include the right to grant sub-licenses thereunder with minimum covenants and restrictions defined herein. e) Nothing contained in this paragraph shall be construed to grant to Licensee any right to use the Licensed Processes or to use or sell the Licensed Processes outside any Licensed Area. f) Licenser agrees to disclose to Licensee all developments or improvements of the Licensed Processes that Licenser may develop or acquire during the term of this agreement. Licensee agrees to disclose to Licenser all technical data and information relating to any and all developments or improvements of the Licensed Processes that Licensee may develop or acquire during the term of this agreement.

Appears in 4 contracts

Samples: License Agreement (Southern Ventures Inc), License Agreement (Southern Ventures Inc), License Agreement (Southern Ventures Inc)

AutoNDA by SimpleDocs

Secret Processes. a) Licenser hereby grants to Licensee the exclusive and perpetual right to manufacture and use the Licensed Processes within a the Licensed Area. The Licensed Processes shall be transferred to the Licensee as soon as possible after the date of this agreement; such transfer to be completed not later than ninety (90) days from the date of this agreement, in the form of reports, drawings, designs, specification, blueprints and written descriptions of manufacturing processes which will be delivered to the Licensee. b) By such grant, Licensee agrees not to disclose the Licensed Processes to any one anyone else for any use whatsoever. By such grant, Licenser shall have the exclusive right to prevent the unauthorized use of the Licensed Processes and the unauthorized use and sale of the Licensed Processes in any Licensed Area. c) Licenser shall furnish in good faith the data and other material sufficient to transfer the Licensed Processes covered by this agreement. Licenser warrants that the processes, formulae, technical data and `know how how' will be sufficient and suitable for the production of the equipment Equipment to a quality comparable to the quality now produced by the Licenser, provided that Licensee at all times conforms strictly with the processes, formulae, technical data and '`know how' transferred to it by Licenser and provided that Licensee at all times installs and uses the Equipment required and purchases and uses the raw materials the standard of quality required. d) The rights and license herein granted shall not include the right to grant sub-licenses thereunder with minimum covenants and restrictions defined hereinunless approved by Licenser. e) Nothing contained in this paragraph shall be construed to grant to Licensee any right to use sell the Licensed Processes within any Licensed Area or to use or sell the Licensed Processes outside any Licensed Area. f) Licenser agrees to disclose to Licensee all developments or improvements of the Licensed Processes that Licenser may develop or acquire during the term of this agreement. Licensee agrees to disclose to Licenser all technical data and information relating to any and all developments or improvements of the Licensed Processes that Licensee may develop or acquire during the term of this agreement.

Appears in 4 contracts

Samples: License Agreement (Southern Ventures Inc), License Agreement (Southern Ventures Inc), License Agreement (Southern Ventures Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!