영문 옵션계약서1

OPTION AGREEMENT

This Agreement, made on the day of by and between ,a company organized and existing under the laws of ,and having its principal place of business at hereinafter called , and ,a corporation organized and existing under the laws of hereinafter called

WITNESSETH:

WHEREAS, owns or controls valuable information and data of a confidential nature relating to the manufacture of hereinafter described and referred to as the TECHNOLOGY;

WHEREAS, wishes to evaluate the commercial merits thereof in order to decide 's possible interest in acquiring either an exclusive license or an nonexclusive license in under certain patent rights and knowhow of relating to the TECHNOLOGY;

WHEREAS, and have previously exchanged correspondence concerning licensing terms and conditions in a letter from to dated , and from to dated ;

WHEREAS, representatives of and held discussions in beginning , and presented a proposed agreement tilled Secrecy and License Option Agreement ;

WHEREAS, wishes to have an exclusive option for a limited period of time to evaluate products prepared from TECHNOLOGY and is willing to grant such option.

NOW, THEREFORE, in consideration of the premises and undertakings hereinafter set forth, it is agreed as follows:

ARTICLE Ⅰ Definitions

1.1 The term TECHNOLOGY shall mean and include all technical information and knowhow owned or controlled by on the date of this Option Agreement and which shall acquire prior to the termination of this Option Agreement and which is commercially useful in the facility employing any of the following processes:

(Insert process description)

1.2 The term PATENT RIGHTS shall mean any patent or patent application now owned or acquired by which are based on inventions made prior to termination of this Option Agreement to the extent that the claims thereof cover any TECHNOLOGY.

1.3 The EFFECTIVE DATE of this Agreement shall be the date on which the last party hereto shall have signed this Option Agreement(subject to government approval as

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