Common use of Acceptance of the Clause in Contracts

Acceptance of the. WORK shall be in accordance with the applicable requirements of this Agreement. Upon each delivery to the Licensee of the MoSys deliverables, Licensee shall conduct acceptance procedures and shall, within one (1) week of said delivery either accept the same or notify MoSys of those particulars in which the deliverables do not meet the requirements of this Agreement. If no notification of rejection is received by MoSys within two (2) weeks of delivery of the deliverables, such deliverables shall be deemed accepted by Licensee on the expiration date of said two (2) week period. Upon remedy of particulars in which the deliverables do not meet the requirements of this Agreement, the MoSys deliverables shall be accepted by Licensee.

Appears in 2 contracts

Sources: License Agreement (Monolithic System Technology Inc), License Agreement (Monolithic System Technology Inc)