Common use of Transfer of Results Clause in Contracts

Transfer of Results. 8.3.1 Each Party may transfer ownership of its own Results. It shall however ensure that its obligations under the Partnership Agreement and the Project Contract also apply to the new owner and that this owner has the obligation to pass them on in any subsequent transfer. 8.3.2 It may identify specific third parties it intends to transfer the ownership of its Results to in Attachment (4) to the Partnership Agreement. The other Parties hereby waive their right to prior notice and their right to object to a transfer to listed third parties. 8.3.3 The transferring Party shall, however, at the time of the transfer, inform the other Parties of such transfer and shall ensure that the rights of the other Parties will not be affected by such transfer. Any addition to Attachment (5) after signature of this Agreement requires a decision of the Steering Committee. 8.3.4 The Parties recognize that in the framework of a merger or an acquisition of an important part of its assets, a Party may be subject to confidentiality obligations which prevent it from giving the full 45 days prior notice for the transfer as foreseen in the Project Contract. 8.3.5 The obligations above apply only for as long as other Parties still have -or still may request- Access Rights to the Results.

Transfer of Results. 8.3.1 Each Party may transfer ownership of its own Results. It shall however ensure that its obligations under the Partnership Agreement and the Project Contract also apply to the new owner and that this owner has the obligation to pass them on in any subsequent transfer. 8.3.2 It may identify specific third parties it intends to transfer the ownership of its Results to in Attachment (4) to the Partnership Agreement. The other Parties hereby waive their right to prior notice and their right to object to a transfer to listed third parties. 8.3.3 The transferring Party shall, however, at the time of the transfer, inform the other Parties of such transfer and shall ensure that the rights of the other Parties will not be affected by such transfer. Any addition to Attachment (54) after signature of this Agreement requires a decision of the Steering Committee. 8.3.4 The Parties recognize that in the framework of a merger or an acquisition of an important part of its assets, a Party may be subject to confidentiality obligations which prevent it from giving the full 45 days prior notice for the transfer as foreseen in the Project Contract. 8.3.5 The obligations above apply only for as long as other Parties still have -or still may request- Access Rights to the Results.