Assignment Of Know How Agreement

(a) Beta agrees to transfer to Alpha all proprietary rights in the Confidential Information regarding the formulation/recipe regarding the Product, including any improvements/modifications to the aforementioned Confidential Information, including, but not limited to, those attached to the Product and its components as well as its packaging under its manufacturing agreement with ……….. dated……….. Improved know-how: is included in the concept of know-how that is the subject of the transfer in this agreement, including improvements and adaptations to the recipe and/or formulation (carried out by Beta and its subsidiaries, risk partners and other parties to the manufacturer, including but not limited to ……………… or any other approved organization that was developed by Beta and any other approved organization prior to this Agreement. As can be seen, the know-how contract is used to protect secret, technical, scientific or other knowledge and must include confidentiality clauses in order to protect any secrecy of the knowledge transmitted, punishing the non-performance of sanctions by the party who has not fulfilled his conditions and has therefore infringed the contractual conditions. not only by a fine, but also by the termination of the contract. (d) With the intention of consolidating and streamlining marketing and logistics requirements in order to achieve broad commercialization of the product, Alpha is now entering into this know-how assignment agreement with Beta to determine Beta`s mentioned proprietary rights with respect to the ……….. Recipe and method of preparation. The parties agree that this agreement contains the entire agreement between them.

The Parties also agree that neither Party may withdraw from this Agreement. The section documents used in this Agreement are for reference purposes only and are not intended to add, restrict or otherwise alter the importance of the contractual language. (b) All know-how and related intellectual property are provided by Beta to the postal address previously indicated in alpha in writing. (a) It is expressly agreed by both parties that no party to this Agreement shall violate any law of India or any other country that may be responsible at any time for either party or the agreement itself. . . . .