TERMINATION UPON SUCCESSFUL DEVELOPMENT AND DEMONSTRATION OF FUNCTIONAL PROTOTYPE Sample Clauses
TERMINATION UPON SUCCESSFUL DEVELOPMENT AND DEMONSTRATION OF FUNCTIONAL PROTOTYPE. The parties agree that upon termination of this JVA based upon the successful development and demonstration of a functional prototype to SILICON, then ACSi and SILICON shall, within 90 days of the termination of this Agreement, enter into one or more of the following:
(a) a licensing agreement between SILICON and ACSi for ACSi's exclusive license of the technology developed during this JVA and/or patents indicated in Paragraph 3.
TERMINATION UPON SUCCESSFUL DEVELOPMENT AND DEMONSTRATION OF FUNCTIONAL PROTOTYPE. The parties agree that upon termination of this JVA based upon the successful development and demonstration of a functional prototype to SILICON, then ACSi and SILICON shall, within 90 days of the termination of this Agreement, enter into one or more of the following:
(a) a licensing agreement between SILICON and ACSi for ACSi's exclusive license of the technology developed during this JVA and/or patents indicated in Paragraph 3
(a) i with terms to be determined at a later date. In the event ACSi refuses such license and SILICON thereafter licenses the technology developed during this JVA to a third party (exclusive of patents indicated in Paragraph 3(a)I, then ACSi shall have a right to a 25% share of revenue generated from said licensing agreement. This license revenue sharing is non-cumulative to any revenue sharing generated in paragraphs 9.1(b) and 9.1