It is a simple clause. It determines when the evaluation period begins and when it ends. In common parlance, such a period begins on the effective date of the contract and ends on a specific date of the contract. For example, Company A sells antivirus programs. It enters into a short-term evaluation contract with a potential client, Zee Ltd. The duration (duration) of the agreement was 3 months. At the end of the 3 months, Zee Ltd. came to the conclusion that the antivirus protection offered by A is very useful for its operation. Zee Ltd. cannot simply purchase A`s antivirus because there is no purchase clause in the short evaluation contract. Now, A and Zee Ltd. must negotiate a new agreement to allow the sale and purchase.
This clause specifies who carries out the evaluation and whether the evaluation itself is supervised by a person representing the start-up. It may also prescribe the forms and records that must be kept in connection with the assessment. These forms and files become important for the start-up as they provide much-needed feedback. The following terms have the following meanings when used in this Agreement: Suppose Company A has entered into a long-term valuation agreement with XYZ Ltd. The duration of the contract is 5 months. After these 5 months, XYZ Ltd. wants to buy the antivirus from A. This time, XYZ Ltd. can simply purchase the product under the existing agreement, as the long evaluation agreement includes the option to purchase the product at the end of the 5-month period. There is no need to start new negotiations.
The length of time Customer may evaluate the Product (the “Evaluation Period”) will be specified in the Evaluation Agreement Order Form. Any changes to the evaluation period must be made with the written consent of the parties using an updated evaluation agreement order form. Notwithstanding the foregoing, Platform Science reserves the right to terminate the evaluation period at any time in its sole discretion. This work plan defines the materials and services provided by each party under the agreement between GSK and ACLARA. All terms used herein have the meanings set forth in the Agreement. This Annex is mutually binding and subject to the terms of the Agreement. This Annex may be amended by either Party by mutual written agreement in the form of an amendment to the Agreement. That is perhaps the most important aspect of the whole agreement.
Agreement shall be short and soft: Subject to the terms of this Agreement, Unravel hereby grants Customer a non-exclusive, non-transferable, limited, royalty-free license to install, run and use the Software solely for Customer`s internal evaluation purposes during the Trial Period. The Software may contain open source components (“OSS Components”), which are governed separately by certain open source licenses, each as further described herein: docs.unraveldata.com/en/oss_components.html. Customer is responsible for complying with the terms of all applicable open source licenses when using the Software and OSS components. 1.1 “ACLARA invention” has the meaning given to it in Article 5. My practice includes advising businesses and individuals on various contracts, such as business creation, technology and intellectual property, real estate, leases and even family relationship agreements. A large part of my practice is devoted to litigation. Therefore, I approach contractual and transactional work from a process perspective, advising clients on the risks associated with not developing appropriate contracts. It takes more than legal knowledge to be a good lawyer. A good lawyer is honest and accommodating with clients and has a consulting philosophy. And for me, a good lawyer is in the client`s shoes when thinking about how best to serve that client.
Whether my client is a business or an individual, I am passionate about helping my clients understand their rights, responsibilities, risks and opportunities. Limited License and Restrictions. Subject to Customer`s compliance with the terms of this Evaluation Agreement, Platform Science hereby grants Customer a limited, royalty-free, non-exclusive, non-transferable, revocable, non-commercial license under Platform Science`s copyright and trade secrets to use Platform Science`s proprietary software contained in the Materials solely for the purpose of evaluating the Product during the Evaluation Period. for potential purchase by the customer. Except as expressly provided in the foregoing limited license, Platform Science does not grant any intellectual property rights of Platform Science under or as a result of this Evaluation Agreement, whether express, implied, by operation of law or otherwise).