This joint project development agreement




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НазваниеThis joint project development agreement
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Дата публикации13.06.2013
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4.7All Confidential Information disclosed by Disclosing Party to Receiving Party under this Agreement shall be and remain the property of Disclosing Party. All such Confidential Information, if in a tangible form, shall be returned to Disclosing Party promptly upon written request and shall not thereafter be retained in any form by Receiving Party. The rights and obligations of the parties under this Agreement shall survive any such return of Confidential Information.

4.8Notwithstanding any other provisions of this Agreement pertaining to the resolution of disputes, the Parties hereto agree that any breach or threatened breach of the confidentiality provisions set forth in this Article 4, may cause irreparable harm for which there is no adequate remedy at law, in damages or otherwise, as a result of which Parties hereby consent to appropriate equitable relief (including without limitation, injunctive relief or specific performance) for any material breach of such provisions by any court of competent jurisdiction. The Parties hereby agree to be bound by the decision of such a court, and hereby consent to the enforcement of any such decision. This injunctive relief does not limit any other remedies available to the injured Party.

4.9The Confidential Information that SOLENA shall supply to Evolution Energy LTD includes Patents and SOLENA Technology as defined under Recitals. The SOLENA Technology and Patents and any and all improvements or modifications thereto is and shall remain the sole property of SOLENA. Nothing contained in this Agreement shall, by express grant, implication, estoppels or otherwise, create in the Receiving Party any right, title, interest or license in or to Solena’s inventions, Patents, technical data, technical documentation or the Solena Technology.

4.10The obligations under this Article 4 shall survive any termination of this Agreement.

^ 5FURTHER ASSURANCE


The Parties agree to execute and deliver such additional documents and to take such additional action as may be necessary or appropriate to give effect to the provision of this Agreement and all transactions contemplated hereby.

6TERM

6.1This Agreement shall commence on the date hereof and shall, unless agreed otherwise by the Parties in writing, continue in effect for (3) three years unless terminated earlier by mutual agreement, in writing, of the Parties, or replaced by another Project shareholder’s agreement.

6.2Termination or expiry of this Agreement shall not affect any rights or obligations of the Parties which may have accrued prior to such termination.

7MISCELLANEOUS

7.1This Agreement may be executed in counterparts, each of which shall be deemed an original and which together shall constitute one and the same instrument. Each Party may rely on facsimile signature pages as if such facsimile pages were originals.

7.2This Agreement shall constitute the entire agreement between the Parties with respect to the subject matter hereof, and shall supersede all previous oral and written (and all contemporaneous oral) negotiations, commitments, agreements and understandings relating hereto.

7.3No amendment or waiver of any provision of this Agreement shall be effective unless the same shall be in writing and signed by the Parties, and, in any case, such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

7.4This Agreement shall not be assigned or otherwise transferred by either Party without the prior written approval of the other Party, such approval not to be unreasonably withheld or delayed.

7.5Governing Law:

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