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 Texas Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., is a significant legal contract that outlines the terms and conditions of their collaborative business relationship. This agreement encompasses various aspects of their partnership, including technology sharing, intellectual property rights, and financial obligations. The primary objective of the Texas Agreement is to foster cooperation between the parties involved to achieve mutual benefits in the field of data systems and software development. By sharing knowledge, resources, and expertise, Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., strive to enhance their competitiveness in the market and drive innovation. Key elements covered in this agreement include: 1. Technology Transfer: The Texas Agreement allows for the sharing of proprietary technologies, know-how, and technical documents between the parties. This collaboration ensures that all parties have access to cutting-edge technologies and can leverage them in their respective operations. 2. Intellectual Property Rights: The agreement delineates the ownership and protection of intellectual property developed jointly or separately by each party during the collaboration. It establishes clear guidelines for licensing, usage, and protection of patents, copyrights, trade secrets, and trademarks. 3. Financial Obligations: The Texas Agreement outlines the financial responsibilities of each party, including funding for research and development, investment contributions, and revenue or profit sharing. This section ensures transparency and fairness in the allocation of financial resources and benefits derived from the partnership. 4. Confidentiality and Non-Disclosure: An essential aspect of the agreement is the strict adherence to confidentiality and non-disclosure provisions. This ensures that sensitive information shared between the parties remains confidential and is not disclosed to unauthorized entities, protecting trade secrets and proprietary information. 5. Duration and Termination: The agreement details the duration of the collaboration and the circumstances under which it can be terminated. This section provides clarity on the conditions that may lead to termination, such as breach of contract, bankruptcy, or change in control of any party involved. It is important to note that the Texas Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., may have variants or specific addenda tailored to different projects or joint ventures. These variations can include scope limitation, project-specific terms and conditions, or industry-specific regulations. Overall, the Texas Agreement serves as a comprehensive roadmap for the collaboration, ensuring smooth operations, legal compliance, and the protection of the interests of all parties involved in the partnership between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd.
The Texas Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., is a significant legal contract that outlines the terms and conditions of their collaborative business relationship. This agreement encompasses various aspects of their partnership, including technology sharing, intellectual property rights, and financial obligations. The primary objective of the Texas Agreement is to foster cooperation between the parties involved to achieve mutual benefits in the field of data systems and software development. By sharing knowledge, resources, and expertise, Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., strive to enhance their competitiveness in the market and drive innovation. Key elements covered in this agreement include: 1. Technology Transfer: The Texas Agreement allows for the sharing of proprietary technologies, know-how, and technical documents between the parties. This collaboration ensures that all parties have access to cutting-edge technologies and can leverage them in their respective operations. 2. Intellectual Property Rights: The agreement delineates the ownership and protection of intellectual property developed jointly or separately by each party during the collaboration. It establishes clear guidelines for licensing, usage, and protection of patents, copyrights, trade secrets, and trademarks. 3. Financial Obligations: The Texas Agreement outlines the financial responsibilities of each party, including funding for research and development, investment contributions, and revenue or profit sharing. This section ensures transparency and fairness in the allocation of financial resources and benefits derived from the partnership. 4. Confidentiality and Non-Disclosure: An essential aspect of the agreement is the strict adherence to confidentiality and non-disclosure provisions. This ensures that sensitive information shared between the parties remains confidential and is not disclosed to unauthorized entities, protecting trade secrets and proprietary information. 5. Duration and Termination: The agreement details the duration of the collaboration and the circumstances under which it can be terminated. This section provides clarity on the conditions that may lead to termination, such as breach of contract, bankruptcy, or change in control of any party involved. It is important to note that the Texas Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., may have variants or specific addenda tailored to different projects or joint ventures. These variations can include scope limitation, project-specific terms and conditions, or industry-specific regulations. Overall, the Texas Agreement serves as a comprehensive roadmap for the collaboration, ensuring smooth operations, legal compliance, and the protection of the interests of all parties involved in the partnership between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd.