OPTION AGREEMENT
This Agreement, made on the day of by and between ,a company organized and existing under the laws of ,and having its principal place of business at hereinafter called , and ,a corporation organized and existing under the laws of hereinafter called
WITNESSETH:
WHEREAS, owns or controls valuable information and data of a confidential nature relating to the manufacture of hereinafter described and referred to as the TECHNOLOGY;
WHEREAS, wishes to evaluate the commercial merits thereof in order to decide 's possible interest in acquiring either an exclusive license or an non-exclusive license in under certain patent rights and know-how of relating to the TECHNOLOGY;
WHEREAS, and have previously exchanged correspondence concerning licensing terms and conditions in a letter from to dated , and from to dated ;
WHEREAS, representatives of and held discussions in beginning , and presented a proposed agreement tilled Secrecy and License Option Agreement ;
WHEREAS, wishes to have an exclusive option for a limited period of time to evaluate products prepared from TECHNOLOGY and is willing to grant such option.
NOW, THEREFORE, in consideration of the premises and undertakings hereinafter set forth, it is agreed as follows:
ARTICLE Ⅰ- Definitions
1.1 The term TECHNOLOGY shall mean and include all technical information and know-how owned or controlled by on the date of this Option Agreement and which shall acquire prior to the termination of this Option Agreement |
2008.04.16
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