SFD Data definition
Examples of SFD Data in a sentence
In consideration of this grant of the licence with respect to the American SFD Data, the Grantee shall pay to the Grantor a fee (the "Licence Fee") equal to 50% of the "Gross Revenues" (as such term is defined below) actually received by the Grantee and/or its Subsidiaries with respect to the commercial exploitation of the Hydrocarbons identified in each American Prospect.
The Executive hereby grants to the Corporation, and the Corporation hereby accepts from the Executive, an exclusive, world-wide license to use, develop, copy and modify the Operating SFD Detectors, and, to the extent reasonably necessary, the SFD Theories associated therewith, but only to the extent reasonably necessary for the Corporation to conduct SFD Surveys for the collection of SFD Data for use in the exploration of hydrocarbon resources.
However, notwithstanding any other clauses of this Agreement, Pinnacle does not represent and warrant the accuracy or reliability of the SFD Data and SFD Information and Encal agrees that it is in part relying on the same based upon its own evaluation of the same.
Neither Pinnacle International nor any of its ------- Subsidiaries will harm, misuse or bring into dispute the Stress Field Detector, the SFD Technology and/or the SFD Data or their reputation.
During the period that Pinnacle International ----------------- shall be obligated to pay to Momentum a SFD Data Fee, Pinnacle International shall keep or cause to be kept accurate, complete and up-to-date books of accounts separately stating records of all revenues earned, accrued and/or collected with respect to each Prospect, and all costs, expenses, and investments in such Prospect.
Momentum shall, at its sole cost and expense, be responsible for the -------- prosecution and/or defense of any action in the nature of unfair competition, patent infringement, copyright infringement, trademark infringement, or other proprietary right infringement relating to the Stress Field Detector, the SFD Technology and/or the SFD Data.
Neither Pinnacle International --------------------- nor any of its Subsidiaries will challenge the validity of Momentum's ownership and title in and to the Stress Field Detector, the SFD Technology and/or the SFD Data (except with respect to Pinnacle International's rights under this Agreement), or any patent, trademark, copyright or other intellectual property right pertaining thereto.
Liszicasz will be free thereafter to acquire a leasehold or other interest in the abandoned Prospect or to sell or otherwise deal with such SFD Data and Secondary Data.
For example, the Company will not give to any Person any SFD Data or any Secondary Data except with Liszicasz's written consent.
The granting of exclusive rights to Pinnacle International for the use of the SFD Data to identify and exploit Hydrocarbons, and the use of the Stress Field Detector and the SFD Technology by Momentum in generating and providing such SFD Data to Pinnacle International, will not infringe upon or violate any intellectual property right of any other Person including, without limitation, any patent, tradename, trademark, copyright or other proprietary right of any other Person.