product loan agreement - cobham plc · pdf fileloan of cobham product - rev002 web.docx page 1...
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Loan of Cobham product - rev002 Web.docx Page 1 of Commercial in Confidence
PRODUCT LOAN AGREEMENT
This Product Loan Agreement ("Agreement") is made and entered into by and between the company issuing a purchase order for services (hereinafter "Customer") and Domo Limited
trading as Cobham Surveillance, whose registered office is Brook Road, Wimborne, Dorset, BH21 2BJ (hereinafter "Licensor") for the loan by the Customer of the Product defined in the
Licensor’s offer, including all related documentation provided pursuant to this Agreement (hereinafter "Licensed Product(s)"). This agreement shall commence upon the date of acceptance
by Cobham of Customers purchase order (the “Effective Date”),
Therefore, in consideration of the undertakings given herein by the parties, it is agreed as follows:
1. The Customer is authorized to install and evaluate the Licensed Product(s) for
the period defined in the Licensor’s offer from the Effective Date (the “Loan
Period”), which shall entitle the Customer to receive the minimum services
indicated in clause 2 and those other services Customer may require to
complete said use of Licensed Product(s) being provided hereunder. Licensor
shall deliver the Licensed Product(s) to the Customer. For the avoidance of
doubt the usage of the Licensed Product(s) shall be exclusively performed on a
test environment and the Licensed Product(s) shall not be used on a live
production environment or used in regard to Customer client data processing or
transactions. .
2. Licensor shall provide the Customer with consulting services at the Time and
Materials billing rates specified in the Licensor’s offer commensurate with the
Customer’s requirements, to support its use of the Licensed Product(s) being
provided hereunder, such time to include time spent traveling in connection with
the consulting services. Such consulting services shall include, but are not limited
to, training, support and other services as agreed between the parties in writing.
3. The Customer agrees, at the conclusion of the Loan Period, to either:
3.1. enter into a license agreement with Licensor for a nonexclusive right to
use the Licensed Product(s) for periods and consideration as described in
the Licensor’s offer.
3.2. return all copies of the Licensed Product(s) in accordance with clause 6
below.
4. The Customer agrees to maintain the confidentiality of the Licensed Product(s)
and all other material and information provided by the Licensor. The Customer’s
obligation of confidentiality shall not apply to information which:
4.1. is already rightfully known to the Customer at the time of disclosure and
free of any obligation to keep it confidential;
4.2. is obtained by Customer from a third party without restriction and free of
any obligation to keep it confidential;
4.3. is in the public domain through no wrongful act of the Customer; or
4.4. is demonstrably independently developed by the Customer.
5. The Customer shall take all steps necessary to ensure that the Licensed
Product(s) and all other material and information provided by the Licensor, or
any portion thereof, are not made available to any other person, firm or
corporation, without the express prior written consent of Licensor. The Customer
agrees that it will not remove, alter, cover or distort any copyright or trademark
notice included in the Licensed Product(s) and all other material and information
provided by the Licensor as they are provided by the Licensor.
6. The Customer agrees that it has no right, title or interest in or to the Licensed
Product(s) or any other material and information provided by the Licensor,
except as expressly granted by Licensor herein, and Customer shall not
sublicense any rights in and to the Licensed Product(s) or any other material and
information provided by the Licensor to any third party nor encumber the
Licensed Product(s) in any manner whatsoever. The Customer shall not cause or
permit the reverse engineering, disassembly, or decompilation of the Licensed
Product(s) or otherwise cause or permit any attempt to derive, obtain or modify
the source code of the Licensed Product(s) (as applicable), except to the extent
permitted by law. The Customer will not without Licensor’s prior consent allow
any trade marks of Licensor or other words or marks applied to the Licensed
Product(s) to be obliterated, obscured or omitted nor add any additional marks
or words. Immediately upon the date of expiry of the Loan Period the Customer
shall return to the Licensor the Licensed Product(s) and all other material relating
to the Licensed Product(s) received by the Licensor under or pursuant to this
Agreement from the Licensor or any other source and all copies of any of them.
7. EXCEPT FOR DAMAGES ARISING FROM PERSONAL INJURY OR DEATH (WHICH
SHALL NOT BE LIMITED) OR DAMAGES TO TANGIBLE PROPERTY (WHICH
SHALL BE LIMITED TO £5,000,000 IN RELATION TO ANY SINGLE EVENT OR
SERIES OF RELATED EVENTS) ATTRIBUTABLE TO THE NEGLIGENT ACT OR
OMISSION OF THE LICENSOR, LICENSOR SHALL NOT BE LIABLE FOR ANY
DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE FURNISHING,
PERFORMANCE OR USE OF THE LICENSED PRODUCT(S) AND/OR SERVICES
PROVIDED PURSUANT TO THIS AGREEMENT.
8. Neither party shall use the name of the other in advertising or publicity releases
without securing the prior written consent of the other.
9. The formation, existence, construction, performance, validity and all aspects
whatsoever of the Contract or of any term of the Contract or of any non-
contractual obligations arising out of or in connection with it will be governed by
English law.
10. The intent of the Parties is to identify and resolve disputes promptly. Each Party
agrees to perform as follows:
10.1. to notify the other Party of any dispute in reasonable detail as soon as
possible after any dispute arises;
10.2. to negotiate in good faith to seek to resolve the dispute.
11. The Parties irrevocably submit to the exclusive jurisdiction of the courts of
England and Wales for the determination of any disputes arising out of or in
connection with this Agreement (including (without limitation) any dispute
regarding the existence, validity or termination of this Agreement and/or this
clause and any dispute regarding non-contractual obligations arising out of or in
connection with this Agreement). For such purposes, each Party irrevocably
waives any objection to the jurisdiction of those courts, and each Party
irrevocably agrees that a judgment or order of those courts in connection with
this Agreement is conclusive and binding upon it.
12. This Agreement constitutes the entire Agreement between the parties with
regard to the subject matter hereof and supersedes all previous agreements,
promises, proposals, representations, understandings and negotiations, whether
written or oral, between the parties respecting the subject matter hereof.
13. Each Party hereto represents that it has the full corporate power and authority
necessary to execute its respective undertakings as set out in this Agreement.
14. Should parts of this Agreement be or become void, ineffective or unenforceable
for any other reason, the validity of the remaining provisions shall not be
affected and the parties shall substitute for the invalid or voidable provision a
valid provision most closely approximating the economic effect and intent of the
invalid or voidable provision. Reference to a provision in this clause 13 shall, if
applicable, include part of a provision.
15. Clause headings are inserted for ease of reference only and shall be given no
effect in the construction of this Agreement. The masculine gender shall include
all genders and words and phrases indicating the singular shall, where the
context so admits, include the plural and vice versa.
16. The Parties undertake to transfer all rights and duties arising out of or in
connection with this Agreement to their legal successor, if any.