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1、MEMORANDUM OF UNDERSTANDINGThis MEMORANDUM OF UNDERSTANDING is made the_ day of _ 2010 by and between:(1 Enter Companys Namewith a registered office at (“Companys short name”.(2 Enter Companys Namewith a registered office at (“Companys short name”.1 PURPOSE1.1 This Memorandum of Understanding (“MOU”
2、 documents the intent and basisfor the initial collaboration preparatory to entering into formal written bindingagreements should both parties decide to do so following completion of theinitial collaboration.2 SCOPE OF COOPERATION /BUSINESS MODEL2.12.22.33 EXPENSES (SUBJECT TO COMMERCIAL ARRANGEMENT
3、, NRE ANDROYALTY MAY APPLY3.1 Except as otherwise agreed in writing by the parties, each party shall pay andassume entire responsibility for their respective costs and expenditureswhatsoever incurred in connection with their activities under this MOU.3.2 Under no circumstances shall either Party be
4、liable to the other for any costsor damages of any kind, including without limitation, incidental, consequential, special or speculative damages, lost of profits or loss of business, inconnection with not moving forward to conclusion of binding legal agreements between the Parties.4 PUBLICITYNeither
5、 party shall disclose to any third party nor publish in any manner or toany extent the existence of, nor their activities under, this MOU without theprior written agreement of the other party. Neither party shall incorporate ormake use of any form of the other partys identity, including, but not lim
6、ited to, its name, logos, insignias, products, brands and trade marks, in any form ofpublication, press release, advertisement, publicity, or other announcementwithout the other partys prior written consent.5 CONFIDENTIALITYAll information disclosed by either party under or in connection with this M
7、OU shall be treated by the receiving party as confidential and shall be protected as such under the terms and conditions of the Non Disclosure Agreement entered into between the parties on M/D, 20056 INTELLECTUAL PROPERTYAll intellectual property, including copyrights, patents, patent applications,
8、trademarks and other intellectual property shall remain the property of the originating party or its licensors. Each party shall retain all rights, title and interest in its intellectual property and neither party grants the other party any rights to use its intellectual property unless and until ot
9、herwise provided in a written agreement signed by the Parties.7 TERM AND TERMINATIONThis MOU shall come into affect upon signature by both parties and shall continue for a period of twelve (12 months unless terminated earlier by either party giving to the other not less than thirty (30 days written
10、notice of termination. Upon expiry or termination of this MOU each party shall return to the other at their written request all materials and information (along with all copies thereof supplied by the requesting party.8 THIRD PARTY RIGHTSNothing in this MOU confers any benefit on any third party or
11、right to enforce any benefit by any third party under applicable law.9 LEGAL EFFECTExcept for the provisions of clauses 3 Expenses, 4 Publicity, 5 Confidentiality,6 Intellectual Property,7 Term,8 Third Party Rights,9 Legal Effect, and 10Applicable Law, this MOU is not legally binding but serves only
12、 as an expression of the basic principles for the planning and implementation of a relationship between the parties and does not itself otherwise constitute a legal agreement and shall not otherwise create any legal obligations rights or liabilities for either party, including the obligation to cont
13、inue negotiating in good faith. No further obligations, rights or liabilities shall be binding on either party unless expressed in a formal written agreement signed by both parties.Additions to this MOU shall only be valid if made in writing.10 APPLICABLE LAWThis MOU and its terms are governed in all respects by the laws of China without regard to its co
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