KNOW-HOW LICENSE AGREEMENT

 

PARTIES:

 

the company _________________________, with registered office located at ______________________, ______, ________________, ______, represented by Mr. ____________________ (hereafter referred to as the "Licensor")

 

and

           

 

 

 

 

 

 

the company ………. S.r.l., with registered office located at ……………, Italy, Via ……………, ……., represented by Mr. ___________(hereafter referred to as the Licensee")

 

IL CONTRATTO È INCOMPLETO, A RICHIESTA SARÀ INVIATA UNA COPIA COMPLETA (artt.17 ss Cod.Deont.)

 

STUDIO

MISURACA & Associati/Associates

Studio Legale

Law Firm

www.smaf-legal.com

 

Il contratto manca di molte clausole, lo studio legale SMAF invia su gentile richiesta una completa copia a titolo di prestazione professionale a pagamento ex artt.17 ss. Cod. Deont. Forense / The contract has missing clauses; please, consider SMAF law firm allowed to send a you a payable copy according to Italian Forensic Deontology Code.

 

20123 MILANO (MI), Italia

Via Monti, 8

tel.:   +(39) 02 006 15 017  

fax:   +(39) 02 700 50 81 00

e-mail: info@smaf-legal.com

 

00198 ROMA (RM), Italia

Via Savoia, 78

tel.:  +39 06 92 938 008

cell.: +39 06 8928 10 51

e-mail: info@smaf-legal.com

 

40123 BOLOGNA (BO), Italia

Via Urbana 5/3

tel.:    +(39) 051 64 40 543

fax.:   +(39) 051 09 52 565

2°fax: +(39) 051 33 70 177

e-mail: misuraca@smaf-legal.com

 

 

 

 

 

           

made as of the first day of ..............., 2005, wherein the following definitions shall apply:

 

Improvement

Any more efficient system or apparatus for use on or with the Product.

 

Product

_____________________ as manufactured by Licensor including tools and auxiliary equipment used therein and therewith.

 

Know-how

 Drawings and related information on the method of manufacture of the Products as practised by Licensor including information relating to marketing.

 

 Sales Effective

Products the subject matter of a legally binding agreement of sale excluding Products sold “on consignment” until consignee has sold same.

 Selling Territory

All the countries in the world.

 

Operative Date

The ________ day of _______, 2005.

 

Commencement Date

The day on which the last signature on behalf of a party hereto is written hereof.

 

Life of this Agreement

The period during which the Agreement is in full force and effect as provided by Article 7.

 

 

Agreement Year

A period of 12 calendar months calculated from the 1st day of ________ in every year during the Life of this Agreement.

 

Sales Effected

Products the subject matter of a binding Contract of Sale, or supplied “on Consignment.”

 

Associated Company

A company controlled by, or controlling, or under common control with, a party hereto, in respect to that party.

 

Article 1.  Know-how

 

   1.1 The Licensor shall forthwith on the signing of this Agreement by both parties hereto grant the Licensee a (exclusive/non exclusive) license to use the Know-how in full detail such as would satisfy a reasonably competent engineer for the commercial manufacture of the Products.  This shall not include layout of plant or production timing.

 

   1.2  The Know-how shall be treated as confidential information and therefore:

 

(i)         it shall be disclosed only to those employees whose duties cannot be fulfilled

            without knowing the information;

 

(ii)        visitors to the Works where the drawings or other Know-how items are in use shall be restricted so far as is necessary to minimise disclosure of items of the Know-how;

 

(iii)  the obligation of confidence shall continue after termination or expiration of this Agreement until the parties agree that the information is in the public domain or a period of 5 years whichever is the shorter;

 

(iv)  notwithstanding the obligation of confidence it shall not be a breach of this Agreement for either party to disclose in general terms relevant items of Know-how to customers or potential customers so far as it is bona fide necessary to do so to promote sales.

 

   1.3  Licensor will at the request of Licensee send a qualified technician to the Works of the Licensee to instruct its engineers in workshop practices and other Know-how of the like kind for not exceeding 3 occasions each of three weeks duration (maximum) at times mutually convenient to both parties in the first year.  Thereafter the sending of an engineer must be mutually agreed upon and is no obligation to Licensor.

 

   1.4   Licensee shall pay Licensor for the services of the Technician referred to in the proceeding paragraph at the rate of  $ per working hour (subject to adjustment as provided in Article 6.6 (ii)) and a further sum in discharge of the technician’s  travelling and living expenses on a standard appropriate to the individual.  Licensor shall be responsible for insurance coverage of such technician in respect of  accidents to the technician or public liability for his actions.

  

   1.5  Persons sent by Licensor to the Works of Licensee to assist Licensee hereunder shall be furnished by Licensee with suitable working facilities, clerical services, proper equipment, materials and tools to enable  any such person properly and efficiently to perform his duties.  Such person shall keep confidential information relating to Licensee’s methods of manufacture coming to his knowledge.

 

   1.6  Licensor’s  obligation to send skilled persons to the Works of Licensee whether for the purpose of assisting in start-up or to render assistance at Licensee’s premises after start-up shall be limited to such reasonable number of persons of such rank as to cause minimum interference with Licensor’s operations and current commitments consistent with satisfying the reasonable needs of Licensee.

 

   1.7  Instruction at the Works of Licensor shall be limited to such number of trainees and for such period as Licensor can satisfactorily supervise without unduly interfering with Licensor’s routine and current commitments.

 

   1.8  Licensee’s trainees will be given adequate opportunity to study the Know-how and they may be allowed to make notes and sketches.

 

   1.9  Employees of one party hereto visiting the premises of the other party (the Host) must be acceptable to the Host by exhibiting reasonable standards of character, behaviour, and competence and they shall be required to conform to rules and customs generally accepted as laid down by the Host for his own employees, or especially for  visitors, so far as applicable.

 

   1.10  Licensor agrees that Licensee may use the  Know-how at the Works of Licensee’s associated company for the production of the Products during the Life of this Agreement and while Licensee performs and observes his obligations hereunder.

 

   1.11  Each party shall pay or bear the expenses of its own employees sent to the premises of the other.

 

Article 2.  Supply of Components

 

   2.1  Each of the parties hereto shall assist the other by supplying the needed Components when requested so far as is reasonably practicable and of mutual economic advantage.   The prices at which such components shall be supplied shall be based upon the current list price of Licensor so far as it extends (less a discount of 15%) otherwise the price shall be at cost of labour and materials plus a reasonable proportion of overhead expenses.

 

   2.2  The .... mechanisms of the Products shall be obtained by Licensee from Licensor who undertakes to supply the same as ordered (subject to force majeure as hereinafter provided) at the price of  $ multiplied by a factor according to the provisions of Article 6.6(ii).

 

   2.3  Licensee shall not sub-contract for the manufacture of components or assemblies without the prior written consent of Licensor.  Such consent shall depend on what risk of disclosure of Know-how is involved as well as other relevant matters.

 

Article 3.  Manufacture and Sale

 

   3.1  Licensor agrees not during the Life of this Agreement to agree with any other person for the manufacture of the Products by such person in the Manufacturing Territory except that during the period commencing not more than six months before the termination or expiration hereof Licensor may treat with another for the purpose of arranging continuity of supply in the Manufacturing Territory and the Selling Territory through such other person.

 

 

Made in ............................., on the ...day  of ..................., 2005. 

 

 

 

...........................................    ....................................................      

___________________                                          ……………. S.r.l.