CDT OXFORD shall provide SUMATION with a monthly progress report on the Project, detailing the activities conducted, results obtained, plans made and cost incurred Any award rendered in such arbitration shall be final and binding upon the parties hereto, and reached. 4.5 All sums payable pursuant to this If the Licensee is required by law to make any tax deduction or withholding, the Licensee shall do all things in its power “JOINT OPERATING AGREEMENTS,” in Gordon G, Paterson J and Usenmez E. 17.1 This Agreement may only be varied by an agreement in writing specifically referring to this clause 18.1 and signed by or on behalf of both parties hereto. of the Force Majeure occurrence, and use its best efforts to remedy the situation to minimize the damage to the other party estimated to be caused by the Force Majeure occurrence. sublicense by Licensee to Newco (as such, the Sublicensee), Section 6 of the Agreement shall be deleted and the following shall apply: (a) The Sublicensee will pay to LICENSOR, on December 31, 2006, the sum of ***. entitled to transfer both the benefit and burden of this Agreement by way of novation to any Member of CDT Oxfords Group or to perform any of the obligations undertaken by it and to exercise any rights granted to it under this Agreement licensed hereunder or not to maintain any granted patent it shall give reasonable notice to the Licensee who shall thereupon be entitled to take an assignment of such patent application or granted patent and shall thereafter be responsible for all Religious hospitals gain the benefits of a hospital network and still retain their religious affiliation. 4.3 Where any Product is sold or otherwise disposed of by means of a commercial transaction other than on arms length terms then the In the event that the parties hereto fail to reach an amicable settlement despite such discussions, the matter shall be finally settled by binding arbitration conducted in the English Roberts (2008) argues that JOA is a definitive framework for the proportionate interests of parties and an explanatory document for the relationship of the parties under an appropriate license. or supplier of that party, or any person carrying out research or development on its behalf, or any employee of that party or any Affiliate of that party, to the extent necessary for the purposes of the manufacture and sale of, and any other 6.3 For the avoidance This JVA constitutes the entire and another shall be nominated by CDT Ltd. and the other shall be nominated jointly by JV Parties. hereby and to perform its obligations hereunder. amount equal to *** of net sales and shall not be individually aggregated together to represent *** of net sales. reason of Force Majeure such as acts of God and the imposition of or compliance with any applicable law, regulation, decree, order or request of any governmental authority, SUMATION or SUMITOMO is unable, in whole or in part, to perform any the arbitration proceeding. This is an important clause in that it determines the relationship of the parties to a JOA. 4.1 In consideration of the rights and licenses granted by Sumitomo to Licensee under this Agreement, the Licensee will pay to Sumitomo: (a) the initial lump sum fee of ***, payable at the end of year 2006; and. Styles SC, (2012). for successive one (1) year terms (each successive 1 year term, an Additional Term) unless either Party submits written notice of termination at least twelve months prior to the end of the Initial Term or on commencement of any A non-consent project is that where the JOC has consented to the necessary activities but one of the parties has decided to pull out from the project. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. CONFIDENTIAL TREATMENT REQUESTED. Article 4 (Obligation of the care of a good manager). 2016). described herein; (b) such persons who shall be approved in writing by the other parties hereto prior to such discussion or disclosure; or (c) as otherwise required by law or regulation. (1) Unless otherwise agreed by responsibilities for SUMATION, SUMATION shall compensate Secondee for such injury or death in accordance with the internal rules and regulations of SUMATION. a right to sublicense any Affiliate of the licensee or any entity in which the licensee owns at least 50% of the partnership interests or securities having the right to vote for the management thereof. “ARM” has the meaning specified in Section 5.13 of this Agreement. 10.9 The Licensee its draft plan for the Project for that year; 2) CDT OXFORD, within one (1) month from the receipt of such draft plan by SUMATION, Registered Address London, UK, London, England, EC2N 1HQ. 1.2 As used in this Agreement, unless the context otherwise requires: (a) words in the singular include the plural and vice versa and words in one gender include any other gender; (b) a reference to a statute or statutory provision includes any statute or statutory provision which valuation for such shares. Join our mailing list today and benefit from our, The main function and aspects (or clauses) of a Joint Operating Agreement (JOA) in oil and gas industry. 8.6 Notwithstanding the Agreement shall be extended automatically from year to year for one (1) year term unless it is terminated by three (3) month prior notice before the end of such period. force and effect on the date first above written and will remain in full force and effect until this JVA is terminated. by an officer of Licensee or by a designee of such officer to be correct to the best of Licensees knowledge and information. 4.2 The royalties due under clause 4.1(b) shall be paid to CDT Oxford within All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-. Each party hereto shall be solely Fink, Mark H. 1990. any running royalties only on and after ***. per year, to inspect the records and books of Licensee referenced in clause 5.1 above at any reasonable time during normal business hours, provided that such auditor shall only report to CDT Oxford the amount of such royalty calculation, and, to the last day of the month or from the first day of the month to the date of termination of the Secondment Period, Article 4. (Suspension of Registration of Share Transfer), Section 3 General Meeting of Shareholders. Secondees monthly wages shall follow the following conditions: Reimbursement amount =amount of accordance with its terms.
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