Common use of Technology watch Clause in Contracts

Technology watch. 18.7.1 The Concessionaire shall implement at its own cost, a technology watch throughout the Concession Period so as to allow the District Hospital to benefit from technical advancement and/or technology upgrades in connection with the Equipment and Healthcare Services. The technology watch shall include information about any offers to buy back and replace or upgrade the Equipment that the Concessionaire may receive from any third party and that would apply during the Concession Period or within [15 (fifteen)] days of the expiry of the Concession Period or early termination of this Agreement. The Concessionaire shall present the findings of the technological watch to the Authority in the form of a written report for review at least once every [3 (three)] months. 18.7.2 In the event that any Party believes that the replacement and/or upgrade of any Equipment is likely to have a positive impact on the quality of the Healthcare Services or the cost of performing the Healthcare Services (a “Replacement”), the Concessionaire shall submit either on its own initiative or within [15 (fifteen)] days of the Authority’s request for the same, a written memorandum equivalent to that the Maintenance Programme referred to in Clause 18.2.3 and the resulting process shall comply with the provisions of Article 18.

Technology watch. 18.7.1 The Concessionaire shall implement at its own cost, a technology watch throughout the Concession Period so as to allow the District Hospital to benefit from technical advancement and/or technology upgrades in connection with the Equipment and Healthcare Services. The technology watch shall include information about any offers to buy back and replace or upgrade the Equipment that the Concessionaire may receive from any third party and that would apply during the Concession Period or within [15 (fifteen)] days of the expiry of the Concession Period or early termination of this Agreement. The Concessionaire shall present the findings of the technological watch to the Authority in the form of a written report for review at least once every [3 (three)] months. 18.7.2 [In the event that any Party believes that the replacement and/or upgrade of any Equipment is likely to have a positive impact on the quality of the Healthcare Services or the cost of performing the Healthcare Services (a “Replacement”), the Concessionaire shall submit either on its own initiative or within [15 (fifteen)] days of the Authority’s request for the same, a written memorandum equivalent to that the Maintenance Programme referred to in Clause 18.2.3 and the resulting process shall comply with the provisions of Article 18.18.]24