영문 옵션계약서

OPTION AGREEMENT(영문옵션계약서)

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 required).
ARTICLE ll Grant
2.1______________ grants to _____________ an exclusive option exercisable for a period of three(3) months from the EFFECTIVE DATE of this Agreement to acquire either an exclusive license or a nonexclusive license under all or a portion of the processes relating to _______________ TECHNOLOGY and PATENT RIGHTS in the Upon mutual agreement of both __________ and ______________ the three(3) months period

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