Future Technology Clause Samples
The FUTURE TECHNOLOGY clause defines how the contract addresses technologies, inventions, or methods that may be developed after the agreement is signed. Typically, this clause clarifies whether rights, obligations, or licenses granted under the contract will extend to such future technologies, ensuring that the agreement remains relevant as new advancements emerge. Its core function is to prevent disputes or gaps in coverage by specifying how unforeseen technological developments are handled, thereby providing certainty and adaptability for both parties.
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Future Technology. It is agreed that new technology, which is to be introduced, will be discussed with the Consultative Committee prior to its implementation. Toll may introduce, deploy and utilise new technology (including, for example, hand-held terminals) with employees fully co-operating in its use following appropriate training, consultation and agreement with the Consultative Committee acknowledging our customers requirements and the reduction in paperwork processing for both drivers and the business.
Future Technology. 12 ARTICLE VI
Future Technology. No more frequently than one (1) time during each year during the term of the Franchise Agreement starting in the third (3rd) year of this Agreement, if requested in writing by the Franchising Authority, Franchisee shall review with the Franchising Authority changes in relevant cable television technology that might benefit Town Subscribers. Relevant cable technology is that technology necessary to give the Cable System the capability of providing Cable Services substantially equal to those services available to at least fifty percent (50%) of all Subscribers in the following municipalities: Sanford, Maine, and Rochester, Laconia, Franklin and Barrington, New Hampshire. Such technology shall include but not be limited to customer premises equipment, cable ready television sets, high definition television, digital compressions, remote control devices, scrambling technology, additional interactive capability, and digital video recording technologies.
Future Technology. Licensor shall promptly supply to the Licensee all things of the nature described in Clause 7.1 necessary for Licensee to commercialize the rights licensed to Licensee hereunder. * Confidential material redacted and filed separately with the Commission.
Future Technology.
(a) No more frequently than one (1) time during each year during the term of the Franchise Agreement starting in the third (3rd) year of this Agreement, if requested in writing by the Franchising Authority, Franchisee shall review with the Franchising Authority changes in relevant cable television technology that might benefit City Subscribers. Relevant cable technology is that technology necessary to give the Cable System the capability of providing Cable Services substantially equal to those services available to at least fifty percent (50%) of all Subscribers in the following New Hampshire and Maine municipalities: Portsmouth, Dover, Durham, Derry, Concord, Salem and such other New Hampshire municipalities as mutually agreed; and the Maine municipalities of similar size to the City of Rochester, as mutually agreed. Such technology shall include but not be limited to converters, cable ready television sets, high definition television, digital compressions, cable modems, remote control devices, scrambling technology, additional interactive capability, and digital video recording technologies.
(b) To the extent consistent with Applicable Law, the City shall have the option of requiring Franchisee to provide relevant cable technology when the following requirements have been met: (i) the City must meet with the Franchisee and negotiate in good faith to identify the cable technologies provided in the benchmark municipalities which are not currently provided in the City of Rochester; and (ii) such relevant cable technology is technically and economically feasible. “Economically feasible” shall mean that Franchisee shall have prospects of earning a reasonable rate of return as that term may be defined by the FCC for applicable infrastructure investments by cable operators.
Future Technology. During the term of this Agreement, each Party shall disclose to the other Party all technology claimed in any Improvement Continuation Patent in which such other Party develops or an Affiliate of such other Party develops.
Future Technology. The parties recognize that development of successors to the Products may require additional technology rights and licenses not conveyed under this Agreement or the Technology Agreement. The Seller and Buyer shall negotiate in good faith for such rights and licenses as may be required from time to time; provided that, nothing herein shall require Seller or Buyer to license any additional technology rights to or from the other party.
Future Technology. During the term of this Agreement, Cyber will also grant to Powersoft, under the same terms and conditions described in Paragraph 1.1 above, licenses to future Technology developed by Cyber in consideration for the value described below.
Future Technology. If Connetics exercises its right of refusal as to a particular Future Technology pursuant to SECTION 6.5, Connetics shall pay Soltec [*****] and the Parties shall negotiate in good faith to set diligence milestones for such Future Technology. This Agreement shall be amended to include such Future Technology in the definition of "Product" and "Technology" pursuant to this Agreement, and all remaining provisions of this Agreement relating to Connetics' obligations with respect to the Products and the Technology shall be deemed to apply to such Future Technology.
Future Technology. 2.8.1 M-I, MCA and AC agree that any and all know-how, ideas, inventions, improvements, developments, enhancements, discoveries, whether patentable or not, arising out of or directly related to the Technology, acquired by, conceived of, invented by, or developed by the Company during the term of this Agreement shall be owned by the Company, and M-I, MCA and AC agree to promptly notify the Company of any such future technology.
2.8.2 In the event that M-I on behalf of the Company fails to prepare, file or prosecute a patent application to an invention related to the Technology and transferred to or developed through it, e.g. by M-I as per Section 2.8.1. above, or in the event M-I on behalf of the Company, decides not to pursue or decides to discontinue preparation, filing or prosecution of any such patent application or any continuations, divisions, reissues, reexaminations or counterparts thereof, or in the event that M-I on behalf of the Company fails to pay any tax or other fee with respect to a patent or patent application related to the Technology or included in the M-I Intellectual Property, M-I shall give timely notice thereof to the Company, and the Company shall have the right to obtain and protect the entire right, title and interest in and to such application, continuation, division, reissue, reexamination or counterpart thereof at the election and expense of the Company, all without further compensation to M-I. Thereafter, M-I shall, upon the request of the Company, promptly execute any and all assignments or other papers or instruments and shall provide such assistance and do all acts that the Company, deems necessary or useful to accomplish the above. M-I shall, nevertheless, have a perpetual royalty-free worldwide license with regard to any such Intellectual Property.
2.8.3 In the event that AC or MCA on behalf of the Company fails to prepare, file or prosecute a patent application to an invention related to the Technology and transferred to or developed through it, e.g. by AC or MCA as per Section 2.8.1. above, or in the event AC or MCA on behalf of the Company, decides not to pursue or decides to discontinue preparation, filing or prosecution of any such patent application or any continuations, divisions, reissues, reexaminations or counterparts thereof, or in the event that AC or MCA on behalf of the Company fails to pay any tax or other fee with respect to a patent or patent application related to the Technology or included in the MCA Int...