Industry Party definition
Examples of Industry Party in a sentence
Industry Contribution The total contribution of the Industry Party to the Project, including the Fees plus the monetary equivalent of any in-kind contributions as set out in Schedule 2.
All Foreground IP shall be treated as Confidential Information belonging to the Industry Party.
If the dispute remains it shall be referred to [] in the case of the RPO, and to [] in the case of the Industry Party in an attempt to resolve the issue in good faith.
The Industry Party hereby consents to information relating to the Project being reported to Government-related Bodies providing that any such information shall be kept to the minimum required and shall, except for the name of the Industry Party, the amount of the Industry Contribution, and a non-confidential project title, be marked “confidential” to the extent it comprises Confidential Information.
The relationship of the RPO to the Industry Party shall be that of independent contractor.
The Industry Party shall pay all valid invoices in accordance with the provisions of Schedule 2.
If the Industry Party does not exercise its Option during the term of the Project or the Parties are unable to agree the terms of a licence agreement within the Negotiation Period and subject to either Party’s right to refer the matter under Clause 11 that Option shall lapse.
Each instalment will be paid in advance, after receipt of a tax invoice and upon receipt of a Progress Report to the reasonable satisfaction of each Industry Party.
The Industry Contribution is exclusive of value added tax (if applicable) which, subject to the provision of a valid value added tax invoice, shall be paid by the Industry Party in addition.
All notices given by either Party to the other pursuant to this Agreement shall be in writing and may be delivered by pre-paid post, registered courier or by hand to: Industry Party Contact: RPO Contact: Name [●] [●] Title [●] [●] Address [●] [●] Any such notice, if so given, shall be deemed to have been served: if sent by hand, when delivered; if sent by post or courier, one business day after posting.