Common use of Disclosure of Technical Information Clause in Contracts

Disclosure of Technical Information. 3.01 Within thirty (30) days after the Effective Date of this Agreement and from time to time thereafter during the term of this Agreement, Protox shall disclose to Kissei all the relevant Technical Information which Protox or its Affiliates have heretofore developed or acquired or may hereafter develop or acquire during the term of this Agreement, provided that all new material Technical Information shall be disclosed without unreasonable delay. To the extent that Protox grants licenses under the Patents in the Field outside the Territory, Protox shall make commercially reasonable efforts to have its licensees under any such licenses agree to allow Protox to disclose the Technical Information of such licensees to Kissei for use by Kissei and its Authorized Sublicensees at no additional cost and in furtherance of the licenses granted hereunder, provided that Kissei shall reciprocate by allowing Protox to disclose the Technical Information of Kissei to any licensees who so agree for use by such licensee at no additional cost and in furtherance of the licenses granted by Protox to such licensees and their respective sublicensees. 3.02 Kissei shall reimburse Protox for any costs and expenses incurred by Protox traveling to Kissei in accordance with Kissei’s request. Kissei and Protox shall mutually agree upon any costs and expenses for such traveling in advance. 3.03 Kissei shall have the right to use and disclose the Technical Information received from Protox to its Affiliates for the purpose of this Agreement. Furthermore, Kissei shall have the right to disclose the Technical Information received from Protox to its Authorized Sublicensees for the purpose of this Agreement pursuant to paragraph 3.01 hereof. 3.04 From time to time during the term of this Agreement, Kissei shall disclose to Protox all the relevant Technical Information which Kissei, its Affiliates or Authorized Sublicensees have heretofore developed or acquired or may hereafter develop or acquire during the term of this Agreement, provided that all new material Technical Information shall be disclosed without unreasonable delay. 3.05 Protox shall have the right to use and disclose the Technical Information received from Kissei to its Affiliates. Furthermore, Protox shall have the right to disclose the Technical Information received from Kissei to its licensees pursuant to paragraph 3.01 hereof.