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Technology Development Agreement

 

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Title:

Technology Development Agreement

Entities:

Boeing Co.; General Motors Corp.; Raytheon Co.; HRL Laboratories, LLC; Eye Dynamics Inc.

Date:

2003

Size:

Preview shows 6KB of 86KB total

Price:

$43

ID:

#147216

 

 

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HRL LABORATORIES, LLC - EYE DYNAMICS INC.
TECHNOLOGY DEVELOPMENT AGREEMENT

This Technology Development Agreement ("AGREEMENT") is entered into
this 18th day of November, 2002 (the "EFFECTIVE DATE"), by and between HRL
Laboratories, LLC ("HRL"), having a principal place of business at 3011 Malibu
Canyon Road, Malibu, California 90265, and Eye Dynamics Inc. ("EDI"), located at
2301 West 205th Street, Suite 106, Torrance, CA 90501. HRL and EDI may be
referred to individually as a "PARTY" or collectively as the "PARTIES." All
capitalized terms not otherwise defined herein have the meanings set forth in
Section 1 herein.

WHEREAS, HRL is a Delaware limited liability company jointly owned by
The Boeing Company, a Delaware corporation ("BOEING"), Amber Engineering ("AMBER
ENGINEERING"), by and through its parent company, Raytheon Company, a Delaware
corporation ("RAYTHEON"), of which Amber Engineering is a wholly-owned
subsidiary, and General Motors Corporation ("GM") (Boeing, Amber Engineering,
Raytheon and GM are sometimes collectively referred to herein as "HRL'S OWNERS")
and conducts applied research and development for these owners and for
government and commercial customers; and

WHEREAS, HRL desires to maximize value from its technological
expertise, subject to its primary objective to serve the business interests of
its owners; and

WHEREAS, EDI is a Nevada corporation and produces and markets patented
proprietary products and other services for the institutional, medical and
government markets including SafetyScope(TM), a digital system which identifies
and tracks movements of the human iris ("SAFETYSCOPE"); and

WHEREAS, the Parties wish to collaborate to further develop Project
Intellectual Property as specifically detailed in Section 2 herein and EXHIBIT 2
attached hereto, subject to the terms and conditions set forth in Section 5
herein; and

WHEREAS, the Parties recognize that no rights to any Intellectual
Property owned by any Party prior to the Effective Date are being granted to the
other Party under this Agreement; and

WHEREAS, the Parties do not intend for any of the Project Intellectual
Property to include any Intellectual Property owned by HRL or owned by HRL's
Affiliates; and

WHEREAS, the Parties have entered into an Agreement to Exchange
Proprietary Information (# 012039) dated April 4, 2001 (the "PROPRIETARY
INFORMATION AGREEMENT"), and attached as EXHIBIT 1 hereto.

NOW, THEREFORE, in consideration of the foregoing premises and the
mutual promises, covenants and conditions contained in this Agreement, the
Parties hereby agree as follows:



{PAGE}

1. DEFINITIONS. Capitalized terms used in this Agreement shall have the
meanings set forth below or as otherwise specified herein:

"365" shall have the meaning set forth in Section 4(g) herein.

"365(N)" shall have the meaning set forth in Section 4(g) herein.

"AFFILIATE", with respect to any person or entity, means a business
entity, including successors and assigns, having an ownership interest in such
person or entity, or any corporation, partnership or other entity, including
successors and assigns, that directly, or indirectly, through one or more
intermediaries, controls or is controlled by or is under common control with
such person or entity. Notwithstanding the foregoing, for purposes of this
Agreement, HRL Affiliates include HRL's Owners and their respective Affiliates.

"ALGORITHM" shall have the meaning set forth in Section 2(a) herein.

"AGREEMENT" shall have the meaning set forth in the preamble hereto.

"AMBER ENGINEERING" shall have the meaning set forth in the recitals
hereto.

"BARBARA MAUCH PROJECT" shall have the meaning set forth in Section
2(d)(iii) herein.

"BOEING" shall have the meaning set forth in the recitals hereto.

"CODE" shall have the meaning set forth in Section 4(g) herein.

"CONFIDENTIAL INFORMATION" means that information as defined in
paragraph 4 of the Letter of Intent and includes such information deemed as
"PROPRIETARY" in paragraph 1 of the Proprietary Information Agreement.

"EAR" shall have the meaning set forth in Section 9(j) herein.

"EDI" shall have the meaning set forth in the preamble hereto.

"EDI CAPITAL STOCK" shall have the meaning set forth in Exhibit 5,
Section (b) herein.

"EFFECTIVE DATE" shall have the meaning set forth in the preamble
hereto.

"ENVIRONMENTAL LAWS" means any and all federal, state and local Laws
which are intended to protect the environment and/or human health and safety,
including Laws governing or relating to Hazardous Materials. "ENVIRONMENTAL
LAWS" include the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended by Superfund Amendments and Reauthorization
Act of 1986, 42 U.S.C. ss. 9601 ET SEQ., the Toxic Substances Control Act, 15
U.S.C. ss. 2601 ET SEQ., the Hazardous Materials Transportation Act, 49 U.S.C.
ss. 1802 ET SEQ., the Resource Conservation and Recovery Act, 42 U.S.C. ss. 9601
ET SEQ., the Clean Water Act, 33 U.S.C. ss. 1251 ET SEQ., the Safety Drinking
Water Act, 42 U.S.C. ss. 300f ET SEQ., and the Clean Air Act, 42 U.S.C. ss. 7401
ET SEQ.

"ERISA" shall have the meaning set forth in Exhibit 5, Section (r)

 

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