Maryland Agreement between Data Systems and Software, Inc., Israel Corp., Ltd. and Tower Semiconductor Holdings 1993, Ltd.

• Category: Corporations - Public - Agreements
• State: Multi-State
• Control #: US-EG-9101
• Format: Word; Rich Text

Description

Agreement btwn Data Systems and Software, Inc., Israel Corp., Ltd. and Tower Semiconductor Holdings 1993, Ltd. to consummate the transaction dated Dec. 22, 1999. 13 pages The Maryland Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. is a legally binding contract that outlines the terms and conditions of their partnership. This agreement is of utmost importance for the successful collaboration and mutual benefits of all parties involved. It reflects the agreement made in the state of Maryland and covers various aspects of their business relationship. The Maryland Agreement typically covers topics such as: 1. Parties Involved: The agreement will clearly identify the participating entities; in this case, it includes Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. 2. Purpose: The agreement specifies the purpose of the collaboration, outlining the specific objectives, goals, and joint ventures the parties aim to achieve together. These could include research and development, marketing initiatives, or even joint product offerings. 3. Duration: The agreement sets a defined duration for the partnership, outlining the specific start and end dates or any provisions for renewal or termination. 4. Responsibilities: It enumerates the responsibilities and obligations of each party involved in the partnership. This section clarifies the roles, tasks, and expectations placed upon each party to ensure a smooth functioning of the collaboration. 5. Intellectual Property: The agreement addresses the ownership, use, and protection of intellectual property generated during the partnership. It outlines how inventions, copyrights, patents, and trade secrets will be handled, ensuring a fair distribution of rights and potential revenue. 6. Financial Arrangements: This section outlines the financial terms of the agreement, including details about financial contributions, profit distribution, and any upfront payments, royalties, or licensing fees involved. 7. Dispute Resolution: The Maryland Agreement includes a provision for resolving any potential disputes that may arise between the parties. This helps ensure amicable and fair resolution, often through arbitration or mediation, without resorting to costly and time-consuming litigation. It is important to note that while the overall structure and key elements mentioned above might be present in most Maryland Agreements between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., specific variations can exist depending on the circumstances and objectives of each partnership. It is always recommended referring to the actual agreement for accurate details and information.

The Maryland Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. is a legally binding contract that outlines the terms and conditions of their partnership. This agreement is of utmost importance for the successful collaboration and mutual benefits of all parties involved. It reflects the agreement made in the state of Maryland and covers various aspects of their business relationship. The Maryland Agreement typically covers topics such as: 1. Parties Involved: The agreement will clearly identify the participating entities; in this case, it includes Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. 2. Purpose: The agreement specifies the purpose of the collaboration, outlining the specific objectives, goals, and joint ventures the parties aim to achieve together. These could include research and development, marketing initiatives, or even joint product offerings. 3. Duration: The agreement sets a defined duration for the partnership, outlining the specific start and end dates or any provisions for renewal or termination. 4. Responsibilities: It enumerates the responsibilities and obligations of each party involved in the partnership. This section clarifies the roles, tasks, and expectations placed upon each party to ensure a smooth functioning of the collaboration. 5. Intellectual Property: The agreement addresses the ownership, use, and protection of intellectual property generated during the partnership. It outlines how inventions, copyrights, patents, and trade secrets will be handled, ensuring a fair distribution of rights and potential revenue. 6. Financial Arrangements: This section outlines the financial terms of the agreement, including details about financial contributions, profit distribution, and any upfront payments, royalties, or licensing fees involved. 7. Dispute Resolution: The Maryland Agreement includes a provision for resolving any potential disputes that may arise between the parties. This helps ensure amicable and fair resolution, often through arbitration or mediation, without resorting to costly and time-consuming litigation. It is important to note that while the overall structure and key elements mentioned above might be present in most Maryland Agreements between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., specific variations can exist depending on the circumstances and objectives of each partnership. It is always recommended referring to the actual agreement for accurate details and information.