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

• Category: Corporations - Public - Agreements
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Agreement, also known as the Montgomery Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., is a significant legal agreement in the field of technology and semiconductor manufacturing. It establishes a framework for collaboration, cooperation, and mutual benefits between the three parties involved. Key terms and provisions of the Montgomery Maryland Agreement include: 1. Collaboration: The agreement outlines the intention of the parties to collaborate and work together in the development of advanced data systems and software, primarily in the semiconductor industry. It paves the way for joint research, development, and innovation initiatives. 2. Intellectual Property Rights: The agreement addresses the ownership and protection of intellectual property generated during the collaboration. It establishes clear guidelines on how intellectual property ownership, rights, and licensing will be handled to ensure fairness and protection for all parties. 3. Technology Transfer: The Montgomery Maryland Agreement facilitates technology transfer between the parties. It may cover the exchange of technical know-how, processes, protocols, or other key advancements to enhance the manufacturing capabilities and competitiveness of each party's semiconductor-related products. 4. Investment and Capitalization: The agreement may involve investment and capitalization provisions, where the parties may inject funds or resources to support the collaboration, research, or manufacturing activities. It defines the terms and conditions of these investments, including the contribution ratios and any subsequent ownership rights. 5. Confidentiality and Non-Disclosure: To protect sensitive information, the Montgomery Maryland Agreement typically includes clauses on confidentiality and non-disclosure. These provisions ensure that proprietary information shared between the parties remains confidential and enables them to share crucial data without the risk of unauthorized dissemination. 6. Licensing and Royalties: The agreement may address licensing arrangements for intellectual property developed through the collaboration. It establishes guidelines for licensing fees and royalty payments in case any of the parties wish to use or commercialize the jointly developed technologies. It is important to note that the specific types or variations of the Montgomery Maryland Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. can vary depending on factors such as the scope of collaboration, duration, financial terms, and the nature of the technology being researched or developed. Each agreement may be tailored to the specific circumstances and needs of the parties involved while adhering to legal requirements and industry standards.

The Montgomery Maryland Agreement, also known as the Montgomery Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd., is a significant legal agreement in the field of technology and semiconductor manufacturing. It establishes a framework for collaboration, cooperation, and mutual benefits between the three parties involved. Key terms and provisions of the Montgomery Maryland Agreement include: 1. Collaboration: The agreement outlines the intention of the parties to collaborate and work together in the development of advanced data systems and software, primarily in the semiconductor industry. It paves the way for joint research, development, and innovation initiatives. 2. Intellectual Property Rights: The agreement addresses the ownership and protection of intellectual property generated during the collaboration. It establishes clear guidelines on how intellectual property ownership, rights, and licensing will be handled to ensure fairness and protection for all parties. 3. Technology Transfer: The Montgomery Maryland Agreement facilitates technology transfer between the parties. It may cover the exchange of technical know-how, processes, protocols, or other key advancements to enhance the manufacturing capabilities and competitiveness of each party's semiconductor-related products. 4. Investment and Capitalization: The agreement may involve investment and capitalization provisions, where the parties may inject funds or resources to support the collaboration, research, or manufacturing activities. It defines the terms and conditions of these investments, including the contribution ratios and any subsequent ownership rights. 5. Confidentiality and Non-Disclosure: To protect sensitive information, the Montgomery Maryland Agreement typically includes clauses on confidentiality and non-disclosure. These provisions ensure that proprietary information shared between the parties remains confidential and enables them to share crucial data without the risk of unauthorized dissemination. 6. Licensing and Royalties: The agreement may address licensing arrangements for intellectual property developed through the collaboration. It establishes guidelines for licensing fees and royalty payments in case any of the parties wish to use or commercialize the jointly developed technologies. It is important to note that the specific types or variations of the Montgomery Maryland Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. can vary depending on factors such as the scope of collaboration, duration, financial terms, and the nature of the technology being researched or developed. Each agreement may be tailored to the specific circumstances and needs of the parties involved while adhering to legal requirements and industry standards.