OEM AGREEMENT
THIS AGREEMENT, made and entered into this _______day of ________, 1997, by and between________________(BUYER),a California corporation, and XXXX CORP.(ABC),a corporation of the Republic of Korea
WITNESSETH:
Whereas BUYER has developed, manufactures and sells Disk Dirves;and
Whereas BUYER desires to enter into a manufacturing arrangement with a party capable of providing with high quality Disk Drives and
Whereas ABC wishes to acquire the technical expertise necessary to develop and manufacture Disk Drives and
Whereas ABC wishes to manufacture Disk Drives developed by BUYER and to sell such Disk Drives for its own account only in the Republic of korea (korea) market and to BUYER for sale and distribution worldwide(excluding Korea).
Now, Therefore, the parties hereto do hereby agree as follows;
1. License to Manufacture
BUYER hereby licenses to ABC the right to manufacture the Buyer's products listed on Exhibit A hereto (hereinafter the Products), subject to final assembly and testing by BUYER as set forth in Section 8 hereof, solely for the following purposes:
(a) For sale to BUYER pursuant to the terms hereof for resale by BUYER worldwide(excluding Korea), and
(b) For sale by ABC to customers located in Korea solely for use by such customers in Korea and not for export by ABC or any third party to any other country.
The product list set forth on Exhibit A may be amended form time to time mutual agreement of BUYER and ABC.
2.Transfer of Technology.
(a) Technical Data.
Within______(_______) days form the data of this Agreement, BUYER will furnish ABC with the written technical data necessary to commence production of the Products, including without limitation all designs, drawings, details, specifications, bills of materials, details, specifications, bills of materials, equipment and other information necessary for production.
(b) Training
i) Within _____(______) days form the data of this Agreement, ABC will send no more than two(2) of its personnel to BUYER's facilities in ____________, California for training by BUYER personnel in the production process.
ABC will pay all travel and lodging expenses for its personnel and, in addition, |
2008.03.27
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