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خانه / Term of Contract Clause Sample

Term of Contract Clause Sample

Material Breach Standard Clause: Without prejudice to any other remedies available to it under law or equity, if the other party believes that the other party has materially breached one or more of its obligations under this Agreement, the non-infringing party may notify the allegedly infringing party of such material breach and disclose in reasonable detail the nature of the alleged breach. Thereafter, the non-infringing party shall have the right to terminate this Agreement if the alleged breach has not been corrected within 60 (sixty) days of notification. Notwithstanding the foregoing, the notice will be automatically withdrawn and will be ineffective if such material breach is corrected or corrected or proves to be non-existent within the 60-day period above. Intellectual property rights. Intellectual property (“IP”) is an umbrella term that essentially includes patents, trademarks, copyrights and trade secrets. Apart from providing this umbrella, the term itself has no intrinsic legal meaning. Intellectual property rights occur in countless ways in different types of contracts – far too many possibilities to discuss here. Intellectual property rights may include the creation of intellectual property, licensing or transfer of intellectual property, and intellectual property disputes. Perhaps the most common example of intellectual property contractual clauses concerns employment contracts. Nowadays, employers want to ensure that everything that even smells of intellectual property and is created by an employee of the company belongs to the company and not to the employee according to the principle that the salary or other remuneration of the employee is paid in full for each employee creation. For an interesting look at the more normal issues of intellectual property and employees, see Beane v. Beane, 856 F.Supp.2d 280 (D. N.H.

۲۰۱۲), if the main issue concerned the obligation of a non-employee, co-owner of a company, possibly to assign intellectual property to the company. Termination. Either party may terminate this Agreement prior to the commencement of the Renewal Period by notifying the other party in writing one hundred and twenty (120) days prior to the expiration of the then-current Term. If the Customer submits a termination, but the TRAVELTRAX Services provided by TRX exceed the date of termination of the then-current Term, the price of such TRAVELTRAX Services will be either (a) one *; or (b) a *. In this case; If the Customer exercises his option to * renew, the TRAVELTRAX Services will not be extended beyond December 31, 2012. If the Customer does not notify the Model Intellectual Property Rights Clause: The Employer owns all rights to the results of the Employee`s work, including inventions, trademark materials, copyrighted materials, trade secrets and all other intellectual property rights developed using the equipment, the Employer`s supplies, facilities or trade secrets. The employer also holds all rights to the results of the employee`s other efforts (other than the employee`s work performance for the employer) that are directly related to the employee`s work or the employer`s business or to actual or manifestly planned research or development. The rights of the employer extend to everything that is written, designed, invented, written, reduced to practice, improved or produced by the employee alone or with others during the period of employment of the employee by the employer. To the extent that the results of the employee`s work or other efforts constitute a “commissioned work” within the meaning of U.S.

copyright law, the copyright belongs exclusively to the employer. Otherwise, to the extent that such results are legally protectable, the Employee irrevocably assigns to the Employer all trademark rights, copyrights, patent rights, trade secret rights and other proprietary rights therein, and no further action by the Employee is required to grant ownership to the Employer; provided, however, that the employee agrees to assist in the preparation and execution of the documents and takes all other measures requested by the employer to transfer, confirm or prove his property rights, and that the employee will not contest at any time the validity of these rights. The employee understands that the termination of the employee`s employment relationship does not nullify or invalidate any of the employee`s obligations or the employer`s rights as described above. They can also be terminated in several ways: secrecy. For the purposes of this Agreement, “Confidential Information” means any information or material that has or may have commercial value or other benefit in the business to which the Disclosing Party is a party. If the Confidential Information is made in writing, the Disclosing Party will label or stamp the Material with the word “Confidential” or a similar warning. If confidential information is transmitted orally, the disclosing party must promptly provide a letter indicating that such oral communication constitutes confidential information. The receiving party`s obligations under this Agreement do not extend to information that: (a) is publicly known at the time of disclosure or subsequently becomes known to the public through no fault of the receiving party; (b) discovered or created by the receiving party prior to disclosure by the disclosing party; (c) be informed of the receiving party in a lawful manner other than the disclosing party or the disclosing party`s representatives; or (d) disclosed by the receiving party with the prior written consent of the disclosing party […].

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