A concept agreement or concept project agreement is an exercise where the focus is on whether an idea can actually translate into reality and whether the idea is practical enough to be put into practice. A concept project is usually small and incomplete. It is also known as the Proof of Principle. The above rights include all patents, copyrights, trademarks, trade secrets and other intellectual property rights. It includes all copies, changes or changes made to the product or service by one of the parties. Even if words such as “purchase” or “sale” are mentioned in the agreement, the receiving party is not allowed to buy or sell the product or service. “services,” the proof of concept-services to be provided by PBSI, as described in the PSOF; this clause also contains a statement from the party receiving that it has the authority to do so and that it has the necessary licenses, authorizations or authorizations to conclude the contract. The general performance clause answers all of these questions about the product or service mentioned in the agreement. If information applies only to a particular product or service, this clause must indicate its mention. This clause contains definitions of all terms that are subject exclusively to the agreement. This clause is necessary for a clear definition and understanding of specific words submitted exclusively to the agreement.
This clause also defines the scope of certain concepts which may subsequently lead to ambiguity and uncertainty. These laws also give the penalty for violations of the law. These sanctions must be imposed when the parties violate the terms of the agreement or break the law. In any event, certain aspects to be considered in the development of a draft concept agreement are: 6.6 Except for actions, procedures, claims or claims under item 6.4 (Confidential information) and 6.5 (Compensation) none of the party will be liable for accidental, indirect, special or consequential damages of any kind or related to the agreement. For all other claims: (i) in no case, GSMA`s total liability arising from this agreement, whether contractual, unauthorized or other theory of liability, may not exceed US$100 ($100.00); and (ii) under no circumstances should the client`s total liability arising from this agreement, contractually, unauthorized or other theory of liability, exceed us$5,000.00. (a) “confidential information”, any confidential information that owns a party (“part of the publication”), including, but not limited, to the information provided by each party and its related companies: (i) client and interest lists, names or addresses, existing agreements with the party and counterparties; (ii) price proposals, financial information and other business information, data processes and plans; (iii) information on research and development, methods and methods of analysis, hardware design, technology (including results); (iv) financial information or personal data; v) information about customers and potential customers of one of the parties; (vi) business practices, know-how, marketing or business plans; (vii) this agreement and the PSOF, technical documentation, instructions for use and training materials; and (viii) any other information that has been identified in writing as confidential or information that the recipient party knew or should reasonably have known was confidential, in any event, transmitted to the other party (“receiving party”) or to which the recipient party has access in connection with the provision of services.