Guidance Note for item definition

Guidance Note for item. 9: This item sets out proposed insurance types and amounts. The parties should consider the types of insurance and the values required to cover the Licensee's liability arising out of or in connection with this Agreement.

Guidance Note for item. 5: This item should set out the expected date the Project would end. This date should be a short time after the last activity or deliverable is due to enable the parties to close out the Project.

Guidance Note for item. 5: This item should include a summary of the Services, with further detail to be included in Schedule 1.

Examples of Guidance Note for item in a sentence

• Guidance Note for item 11: Tick the applicable dispute resolution provision.

• Guidance Note for item 8: Information of a confidential nature will be protected as Confidential Information if it is either described here, or where a party knows or ought to know it is confidential.

• Clause 7.1 Licence Terms (Ownership and Commercialisation of Improvements) Owner of Improvements created by Licensee: [Insert either 'Licensee' or 'Licensor'.] Guidance Note for item 7: This item should specify any agreed departures from the warranties provided in clause 11.2(e).

• Guidance Note for item 18: Information of a confidential nature will be protected as Confidential Information if it is either described here, or where a party knows or ought to know it is confidential.

• Guidance Note for item 12: This item sets out the agreed maximum liability of a party for loss suffered by the other party.

More Definitions of Guidance Note for item

Guidance Note for item. 13: This template includes requirements for the University to indemnify the Client. The parties can agree in this item to remove or modify the indemnities (refer to the HERC IP Practical Guide).

Guidance Note for item. 3: The date from which the assignment of the IPRs takes effect, should be specified in this item. If the Fee is a single payment, this would normally be the date on which the Fee is received by the Assignor or a date after that has occurred. If the Fee is nominal (e.g. $1), the parties may agree that the assignment takes effect from the date when the last party signs the Agreement. If a custom fee structure is used, then the date (or the formula for calculating the date) should be specified in Schedule 2. The following date: [insert] ☐

Guidance Note for item. 8: This item allows the parties to specify any documents or materials that the Assignor must provide to the Assignee after the Date of Assignment, upon request (and subject to the payment of the Fee). The Related Materials may include, for example, originals of documents, prototype models, source code files, drawings, or any other physical or electronic materials.

Guidance Note for item. 4: This item should include the title of the Project and the summary. This is intended to assist parties in easily identifying the relevant Agreement for a Project.

Guidance Note for item. 7: Please refer to the HERC IP Framework Practical Guide for information to assist parties to determine the Owner of the Project IP. The Owner is usually responsible for the registration and protection of the IPR in the Project IP, unless otherwise specified in this item 9 (see clause 5.3). If the Collaborator is the Owner of the Intellectual Property Rights (IPR) in the Project IP, this item 7 should be updated and item 8 should specify the University as the Licensee. The party that is not the Owner of the Project IP is granted a licence to Use the Project IP (see clause 5.2 and item 8).

Guidance Note for item. 20: The parties should specify here any reporting requirements for the parties. This may include, for example, monthly status reports. The parties should specify the details and requirements of the reports, to ensure that both parties have the same expectations of the contents of the reports. This item is intended for Project governance reports. Specific documents regarding the development of the Project IP should be set out in Schedule 1.

Guidance Note for item. 8: Each party is obliged to perform the Project utilising any Key Personnel listed in Item 8 (see clause 7.2). List any Key Personnel that each party must utilise in the performance of the Project.