Common use of Disclosure of Improvements Clause in Contracts

Disclosure of Improvements. From time to time throughout the duration of this Option, Datotech shall disclose any and all improvements to the Technology for Licensed Items to NetFace so as to keep NetFace as current as is practicable regarding the Technology. Datotech shall also disclose any and all improvements to the Technology for Licensed Items to prospective Third-Party Licensees as well as participate in meetings and presentations with prospective Third-Party Licensees to demonstrate the feasibility of integrating the Technology into the Licensed Items. Datotech shall cooperate with NetFace and prospective Third-Party Licensees by providing, at no cost, all required disclosures and assistance in order to demonstrate the feasibility of integrating the Technology into the Licensed Items, including but not limited to, hardware and software for demonstrations and simulations. Such disclosures shall be in a form and manner to be agreed upon by the parties on &case-by-case basis. Datotech and NetFace shall each bear their own expenses resulting from such meetings, presentations or any disclosures required pursuant to this Section 2.2.

Appears in 2 contracts

Sources: Option Agreement (Dsi Datotech Systems Inc), Option Agreement (Security Biometrics Inc)