#Sample mou for business collaboration license#

Party B hereby grants to Party A a license to use Party B IP solely for the purpose of performing its obligations under this MoU. Party B shall own all rights, titles and interests in and to all developed in whole or in part by Party B pursuant to this memorandum of understanding(“Party B IP”).Party A hereby grants to Party B a license to use Party A IP solely for the purpose of performing its obligations under this memorandum of understanding. Party A shall own all rights, titles and interests in and to all developed in whole or in part by Party A pursuant to this MoU (“Party A IP”).The parties agree to enter into a confidential relationship concerning the disclosure of certain proprietary and confidential information (“confidential information”). The parties understand and agree that the confidential information disclosed pursuant to this MoU is a trade secret of the disclosing party and that the disclosing party wishes to maintain the confidentiality of such information to protect its competitive advantage. “Intellectual Property Rights” means all patent rights, copyright rights, mask work rights, moral rights, rights of publicity, trademark, trade dress and service mark rights, goodwill, trade secret rights and other intellectual property rights as may now exist or hereafter come into existence, and all applications therefore and registrations, renewals and extensions thereof, under the laws of any state, country, territory or other jurisdiction.“Disclosing Party” means the party disclosing confidential information under this memorandum of understanding.If confidential information is transmitted orally, the disclosing party shall promptly provide a writing indicating that such oral communication constituted confidential information. If confidential information is in written form, the disclosing party shall label or stamp the materials with the word “Confidential” or some similar warning. “Confidential Information” means any information or material that has or could have commercial value or other utility in the business in which or is engaged.and agree to work together in good faith to develop a that meets the needs of their customers. The purpose of this MoU is to establish an understanding between the Parties regarding the cooperative provision of. This memorandum of understanding ('MoU') sets forth the terms and conditions between and and is effective as of.

Sample mou for business collaboration