Romanian translation: informatiile (datele) actiunii comerciale
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12:43 Apr 29, 2005
English to Romanian translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:Venture Information
(A) Subject to Articles 15.3(C) and 15.5 and unless provided otherwise in the License, all intellectual property rights in the Venture Information shall be Joint Property. Each Party and its Affiliates have the right to use all such intellectual property rights in their own operations (including joint operations or a production sharing arrangement in which the Party or its Affiliates has an ownership or equity interest) without the approval of any other Party. Decisions regarding obtaining, maintaining and licensing such intellectual property rights shall be made by the Operating Committee, and the costs thereof shall be for the Joint Account. Upon unanimous consent of the Operating Committee as to ownership, licensing rights, and income distribution, the ownership of intellectual property rights in the Venture Information may be assigned to the Operator or to a Party.