Puerto Rico Support Agreement between 724 Solutions, Inc., 724 Solutions International, SRL and Citicorp Strategic Technology Corp regarding license arrangements

• Category: Corporations - Public - Support
• State: Multi-State
• Control #: US-EG-9292
• Format: Word; Rich Text

Description

Support Agreement between 724 Solutions, Inc., 724 Solutions International, SRL and Citicorp Strategic Technology Corporation regarding license arrangements dated December 29, 1999. 3 pages. Puerto Rico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp is a legal document that outlines license arrangements and support services provided by the parties involved. This agreement establishes the terms and conditions for the use of licensed technologies, software, or intellectual property in Puerto Rico. The Puerto Rico Support Agreement enables 724 Solutions, Inc. and 724 Solutions International, NRL (collectively referred to as "724 Solutions") to grant Chicory Strategic Technology Corp (referred to as "Chicory") the right to use their proprietary technologies within Puerto Rico. This agreement is specifically tailored to meet the licensing and support requirements in Puerto Rico. Key features of the Puerto Rico Support Agreement include: 1. License Arrangements: The agreement defines the scope of the license granted to Chicory for the use of 724 Solutions' intellectual property or technologies. It specifies the licensed products, services, or software that Chicory can use within Puerto Rico. 2. Support Services: The agreement outlines the support services that 724 Solutions will provide to Chicory in Puerto Rico. This may include technical support, maintenance, updates, training, and any other service necessary to ensure the successful utilization of the licensed technologies. 3. Rights and Obligations: Each party's rights and obligations are clearly defined within the agreement. It specifies the responsibilities of both 724 Solutions and Chicory regarding the licensing, usage, protection, and maintenance of the licensed technologies. 4. Term and Termination: The agreement establishes the duration of the license arrangement and the conditions under which it can be terminated by either party. Termination clauses may include breach of contract, non-payment, or any other violation of the agreement terms. 5. Intellectual Property: The agreement addresses the protection and ownership of intellectual property rights associated with the licensed technologies. It defines the limitations on the use, copying, modification, or distribution of the licensed technologies. Types of Puerto Rico Support Agreements may include: 1. Exclusive Licensing Agreement: This type of agreement grants Chicory exclusive rights to use the licensed technologies in Puerto Rico. It ensures that Chicory has sole access to the licensed technologies within a specified market or region. 2. Non-Exclusive Licensing Agreement: In this case, Chicory is granted non-exclusive rights to use the licensed technologies in Puerto Rico. This means that 724 Solutions can also license their technologies to other entities in the same market or region. 3. Limited Term Licensing Agreement: This agreement allows Chicory to use the licensed technologies within Puerto Rico for a specific period. It may be renewable or non-renewable based on the terms agreed upon by the parties. The Puerto Rico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp aims to establish a mutually beneficial relationship that promotes the successful utilization of licensed technologies in Puerto Rico.

Puerto Rico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp is a legal document that outlines license arrangements and support services provided by the parties involved. This agreement establishes the terms and conditions for the use of licensed technologies, software, or intellectual property in Puerto Rico. The Puerto Rico Support Agreement enables 724 Solutions, Inc. and 724 Solutions International, NRL (collectively referred to as "724 Solutions") to grant Chicory Strategic Technology Corp (referred to as "Chicory") the right to use their proprietary technologies within Puerto Rico. This agreement is specifically tailored to meet the licensing and support requirements in Puerto Rico. Key features of the Puerto Rico Support Agreement include: 1. License Arrangements: The agreement defines the scope of the license granted to Chicory for the use of 724 Solutions' intellectual property or technologies. It specifies the licensed products, services, or software that Chicory can use within Puerto Rico. 2. Support Services: The agreement outlines the support services that 724 Solutions will provide to Chicory in Puerto Rico. This may include technical support, maintenance, updates, training, and any other service necessary to ensure the successful utilization of the licensed technologies. 3. Rights and Obligations: Each party's rights and obligations are clearly defined within the agreement. It specifies the responsibilities of both 724 Solutions and Chicory regarding the licensing, usage, protection, and maintenance of the licensed technologies. 4. Term and Termination: The agreement establishes the duration of the license arrangement and the conditions under which it can be terminated by either party. Termination clauses may include breach of contract, non-payment, or any other violation of the agreement terms. 5. Intellectual Property: The agreement addresses the protection and ownership of intellectual property rights associated with the licensed technologies. It defines the limitations on the use, copying, modification, or distribution of the licensed technologies. Types of Puerto Rico Support Agreements may include: 1. Exclusive Licensing Agreement: This type of agreement grants Chicory exclusive rights to use the licensed technologies in Puerto Rico. It ensures that Chicory has sole access to the licensed technologies within a specified market or region. 2. Non-Exclusive Licensing Agreement: In this case, Chicory is granted non-exclusive rights to use the licensed technologies in Puerto Rico. This means that 724 Solutions can also license their technologies to other entities in the same market or region. 3. Limited Term Licensing Agreement: This agreement allows Chicory to use the licensed technologies within Puerto Rico for a specific period. It may be renewable or non-renewable based on the terms agreed upon by the parties. The Puerto Rico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp aims to establish a mutually beneficial relationship that promotes the successful utilization of licensed technologies in Puerto Rico.