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Title: |
License |
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Entities: |
CNF Transportation, Inc.; Consolidated Freightways Corp.; Alpha Engines Corporation; Turbine Truck Engines Inc. |
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Date: |
2003 |
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Size: |
Preview shows 11KB of 135KB total |
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Price: |
$57 |
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ID: |
#149554 |
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License Granted to
Turbine Truck Engines, Inc.
by
Alpha Engines Corporation
July 22, 2002
TABLE OF CONTENTS
Page
1. Grant of License and Other Rights; Reservations of Rite ....................2
1.1 Grant of License ..........................................................2
1.2 Sublicensing ..............................................................2
1.3 Improvements...............................................................2
1.4 License of Trademark.......................................................3
1.5 EIC Ignition System .......................................................3
1.6 CNF Agreement .............................................................4
1.7 Reservation of Rights by Alpha Engines ....................................4
2. Technical and Engineering Information and Services .........................4
2.1 Preliminary Engineering Consulting Services ...............................5
2.2 Detailed Engineering Services .............................................5
2.3 Production and Operating Consulting Services ..............................5
2.4 No Other Assistance .......................................................5
3. Manufacturing Plants........................................................6
3.1 Design and Construction ...................................................6
3.2 Ownership .................................................................6
4. EIC Ignition System Supply Contract ........................................6
4.1 Ownership of Ignition System ..............................................6
4.2 Supply Contract for EIC Ignition Systems ..................................6
5. Undertakings by Licensee ...................................................7
5.1 Design, Construction, and Operating Standards .............................7
5.2 Production ................................................................7
5.3 Maximize Production .......................................................7
5.4 Market Effectively ........................................................7
5.5 Legal Compliance ..........................................................8
5.6 Identification ............................................................8
5.7 Access.....................................................................8
6 . Export Licenses ...........................................................8
7. Payments ..................................................................9
7.1 License Fees and Royalties ................................................9
7.2 Provisions for Payments ...................................................9
7.3 Taxes Withheld ...........................................................12
7.4 No Set-Offs or Counterclaims .............................................12
8. Reports and Records .......................................................13
8.1 Records and Books of Account .............................................13
8.2 Production Reports .......................................................13
8.3 Payment Accompanying Reports .............................................13
8.4 Reports of Certified Public Accountants ..................................13
8.5 Right to Audit ...........................................................13
9. Confidentiality . .........................................................14
9.1 Information That Is Confidential; Obligation of Confidentiality ..........14
9.2 Exception to Confidentiality .............................................15
9.3 Published Disclosure .....................................................15
9.4 Non-Use after Termination ................................................15
10. Protection of Licensed Technology . ......................................16
10.1 Licensee to Detect and Report Breach or Infringements ...................16
10.2 Alpha Engines to Detect and Report Infringements ........................16
10.3 Responsibility for Infringements of Technology and Patents ..............16
10.4 Alpha Engines Responsible for Patent Validity Cases .....................16
10.5 Apportionment of Recoveries .............................................17
10.6 Alpha Engines's Name in Suit ............................................17
10.7 Notification of Suit ....................................................17
10.8 Action Against Breaches of Confidential Information .....................17
11. Defense of Claims of Trademark Infringement ..............................18
11.1 Defense of Trademark Infringement .......................................18
11.2 Right to Suspend Use of Trademarks ......................................18
11.3 Alpha Engines's Obligations Pertain Only to Licensed Trademarks .........18
11.4 Trademark and Patent Applications .......................................18
12. Representations, Warranties and Covenants . ..............................19
12.1 Representations, Warranties and Covenants of Licensee ...................19
12.2 Representations, Warranties and Covenants of Alpha Engines ..............21
12.3 Limited Warranty ........................................................23
12.4 Limitation of Damages ...................................................23
13. Term and Termination .....................................................24
13.1 Term ....................................................................24
13.2Defaults - General .......................................................24
13.3 Defaults - Non-Payment by Licensee ......................................25
13.4 License Termination for Infringement of U.S. Letters Patents ............25
13.5 No Termination Rights Regarding Adverse Trademark Decisions .............25
13.6 Winding Up ..............................................................25
13.7 Payment Obligations .....................................................26
13.8 No Damage ...............................................................26
13.9 Confidentiality Continues ...............................................26
13.10 Payment Obligations Continue ...........................................26
13.11 Licensee To Cease Practice of the Technology ...........................26
14. Miscellaneous ............................................................27
14.1 Assignment by Alpha Engines .............................................27
14.2 Assignment By Licensee ..................................................27
14.3 Arbitration and Injunctive Relief .......................................27
14.4Third Parties ............................................................29
14.5 No Other Relationship ...................................................29
14.6 Conversion to Dollars ...................................................29
14.7 Fees Payable ............................................................30
14.8 Force Majeure ...........................................................30
14.9 Cumulative Remedies; Waiver; Time .......................................31
14.10 Table of Contents and Headings .........................................31
14.11 Notices ................................................................31
14.12 Survival of Contents ...................................................31
14.13 Accrued Obligations Not Released .......................................32
14.14 Integration ............................................................32
14.15 Construction ...........................................................32
14.16 Invalidity of Provision ................................................32
14.17 Further Assurances .....................................................32
14.18 Counterparts ...........................................................32
Exhibit A - Confidentiality Agreement
LICENSE AGREEMENT
THIS LICENSE AGREEMENT (Agreement) is made and entered into as of July 22,
2002, by and between ALPHA ENGINES CORPORATION, a corporation incorporated in
the USA under provisions of the laws of Delaware (Alpha Engines) and TURBINE
TRUCK ENGINES, INC., a corporation organized in the USA under provisions of the
laws of Delaware (Licensee).
Preceding Circumstances:
A. Alpha Engines owns rights to a new gas turbine engine system including
an ignition system and component parts (called Detonation Cycle Gas Turbine
Engine or Detonation Engine) that uses cyclic detonations, provided by a process
called "electromagnetic isothermal combustion" (EIC), for complete combustion of
any fuel. The Detonation Engine may be designed and manufactured in many sizes
and configurations that enable it to produce the desired horsepower and meet the
design, weight and other special requirements for various discrete applications.
Alpha Engines is in the business of licensing use of its technology for the
Detonation Engine for many different applications.
B. Use of the Detonation Engine requires practice of Alpha Engines' (i) U.
S. Patent No. 6,000,214 issued December 14, 1999 to Robert L. Scragg, and
licensed by him to Alpha Engines, as may be supplemented by (ii) U.S. and
foreign patents that may be issued after the effective date of this Agreement,
including any improvement patents, continuations, continuations-in-part,
divisionals or foreign counterparts of such patents, and any reissued and
re-examined patents that may result from such patents, whether such patents are
for the Detonation Engine itself or any component part or auxiliary system used
with the Detonation Engine. All of these patents are called the "Licensed
Patents" in this Agreement.
C. Alpha Engines also owns certain technical information, data, know-how
and unpatented inventions (Alpha Engines Technical Information) that are useful
with the Detonation Engine. The technology for practice of the Licensed Patents,
including the Alpha Engines Technical Information, is collectively called
"Detonation Engine Technology."
D. Licensee wishes to obtain a license from Alpha Engines to manufacture
and sell Detonation Engines for use as heavy duty highway truck engines. Alpha
Engines is willing to grant Licensee an exclusive license to use the Detonation
Engine in this field, subject to the terms and conditions of this Agreement.
E. Licensee desires to receive certain technical and engineering consulting
services from Alpha Engines in connection with the grant of the license. Alpha
Engines is willing to perform, on the terms and conditions of this Agreement,
the services subsequently defined with respect to the Detonation Engine to be
manufactured by Licensee and the production of Detonation Engines.
NOW, THEREFORE, in consideration of the preceding circumstances and the
following mutual covenants, promises and agreements, Alpha Engines and Licensee
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