{"id":42570,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/memorandum-of-understanding-hpl-inc-and-canon-sales-co-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"memorandum-of-understanding-hpl-inc-and-canon-sales-co-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/memorandum-of-understanding-hpl-inc-and-canon-sales-co-inc.html","title":{"rendered":"Memorandum of Understanding &#8211; HPL Inc. and Canon Sales Co. Inc."},"content":{"rendered":"<pre>\n                         [CANON SALES CO., INC. LETTERHEAD]\n\n\n                           MEMORANDUM OF UNDERSTANDING\n\nThis memorandum of understanding is to clarify the mutual understanding \nbetween HPL, Inc. (hereinafter called \"HPL\") and Canon Sales Co., Inc. \n(hereinafter called \"Canon Sales\") with regards to their business \nrelationship under the Business Agreement executed by the parties on the 15th \nof March, 2000 (hereinafter called the \"Agreement\"), and the Master Software \nLicense Agreement referenced therein.\n\nBoth parties agree that:\n\n1.   Canon Sales is HPL's distributor for HPL Products in Japan. Canon Sales \n     purchases HPL Products from HPL, imports the HPL Products into Japan, \n     and sells the HPL Products in Japan as \"media\" or \"systems\" to its \n     customers (hereinafter called \"Customers\").\n\n2.   No license is granted to Canon Sales under the Agreement except as \n     necessary to fulfill its obligations thereunder, including limited \n     utilization of the HPL Products for demonstration, evaluation and \n     performance of support activity purposes.\n\n3.   Canon Sales does not have the right to license or sublicense the HPL \n     Products, and all references to or incidents of the terms \"licenses\" or \n     \"licensing\" in the Agreement are clerical errors to be stricken and \n     disregarded.\n\n4.   The Master Software License Agreement is to be replaced by an End-User \n     Software Agreement that more accurately reflects the terms under which \n     Customers may purchase HPL Products.\n\n5.   All sales to Customers by Canon Sales are subject to the End-User \n     Software Agreement. Payment terms for such sales could be determined \n     between Canon Sales and Customers. Customers make no payments to HPL for \n     HPL Products.\n\n6.   With respect to Section 3.10 of the Agreement, only Demonstration \n     Products that are superseded by updated Products shall be exchanged by \n     Supplier for the upgraded Product at no additional charge upon return of \n     the outdated Product to Supplier. New Demonstration Products shall be \n     purchased subject to Section 4.3 of the Agreement.\n\n\nHPL Inc.                               Canon Sales Co., Inc.\n\n\n\n\/s\/ David Y. Lepejian                  \/s\/ Ken Horikawa\n-----------------------------          ------------------------------\nDavid Y. Lepejian                      Ken Horikawa\nPresident &amp; CEO                        Division General Manager\n                                       Semiconductor Equipment Sales HQ\n\nFeb 20, 2000                           Jan. 17, 2001\n-----------------------------          ------------------------------\nDate                                   Date\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7007,7802],"corporate_contracts_industries":[9513,9458],"corporate_contracts_types":[9613,9619],"class_list":["post-42570","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-canon-inc","corporate_contracts_companies-hpl-technologies-inc","corporate_contracts_industries-technology__software","corporate_contracts_industries-manufacturing__photographic","corporate_contracts_types-operations","corporate_contracts_types-operations__sales"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42570"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42570"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42570"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}