Production Rights Agreement (with instructions)

Production Rights Agreement (with instructions)
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AGREEMENT made as of the ___ day of _____________ 20 __ HIGHTECH CORPORATION, with its principal office at 15 Software Drive ("HIGHTECH") and DISTRIBUTION BRAZIL LTDA, with its principal office at __________________________________.

1. Purpose. HIGHTECH agrees to grant to DBL a limited license for production rights to HIGHTECH's proprietary "Multisense" software products and Multisense documentation (collectively the "Multisense Products") under the terms and conditions of this Agreement.

2. Grant of License/Production Rights. Subject to payment by DBL to HIGHTECH of the amount set forth in Section 3 below, HIGHTECH grants to DBL a non-exclusive, non-transferable license to make copies of the Multisense Products up to the cumulative value of ______________Dollars (US $___________) (as determined by HIGHTECH's then current standard Distributor List Price) for the sole purpose of assigning such limited production rights to the subsidiary which DBL will be forming under the Joint Venture agreement between the parties. Such subsidiary will be distributing certain mutually agreed to HIGHTECH products in accordance with HIGHTECH's standard International Distribution Agreement ("International Distribution Agreement"). DBL further agrees to require, as a condition of such assignment, such subsidiary to be bound by all of DBL's obligations set forth in this Production Rights Agreement. DBL shall not use the Multisense Products for any other purpose or in any other manner.

It is an express condition of this Agreement that title to, ownership of, and all rights in patents, copyrights and trade secrets in the Multisense Products and any copy or part of such Multisense Products shall not transfer to DBL and shall remain in...


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Product Code PRO636
Condition New

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