4.1 Unless otherwise extended in writing by mutual consents of the Parties herein, this Agreement is valid for a period of Twelve (12) months from the date hereof.
Unless otherwise agreed, the Parties must use their best endeavors to execute further Agreement(s) before the lapse of the Twelve (12) Months period aforementioned.
4.2 In the event the Agreement is lapsed or terminated at any time on whatever reasons including of non-performance, the Parties shall have no claims against each other (except breach of Clause 5.2 and Clause 5.3 herein) and this MOA shall cease to be of any further effect.
5. MISCELLANEOUS
5.1 Costs and Reimbursements
Unless otherwise agreed in writing by the Parties throughout this MOA, any and all costs and expenses incurred by a Party in connection with the negotiation and execution of this MOA shall be borne by that Party.
5.2 Confidentiality
5.2.1 Each Party under the MOA shall protect as confidential and will not disclose (other than if the Parties may consent in writing) any Proprietary Information (as hereinafter defined) as provided/disclosed by each party to the other party herein during the period of this MOA.
In furtherance of such obligation, neither party will divulge, copy, reveal or otherwise make available, in whole or in part, any Proprietary Information (as hereinafter defined) to any other persons, firms or corporations in any manner whatsoever.
For the purposes hereof, the term “Proprietary Information” shall mean information, whenever developed, concerning the information on the Related Activities/Collaboration or the proposals/information submitted by any of the Parties herein, including financial data, writings, sales policies, clients’ information, conceptions, inventions, techniques, trade secrets, sources of supplies, know-how, plans and programs or other knowledge that is proprietary or confidential in nature and was or shall be directly or indirectly belong to or developed by any of the Parties herein or their appointed consultants/advisers.
5.2.2 This confidentiality obligation shall survive the termination of this MOA for any reasons whatsoever, and shall continue for a period of Five (5) years from the date of the termination of this MOA.
5.3 Non-Circumvention
5.3.1 The Parties strictly agree not to circumvent each other during the period of this MOA and for a period of Five (5) years upon termination of this MOA, in whatsoever manners (including through its partners, associates, lawyers, agents, employees or consultants) and to abide by all prevailing laws relating to non-circumvention.
5.3.2 The Parties further agree that the defaulting parties shall be liable for compensation/damages to the other party under this MOA.
5.3.3 In the event 1HT cannot fulfill its roles and obligation under Clause 2 particularly under Clause 2.1(e) within 7 days upon receipt of official from XYZ, XYZ shall be entitled to the following at its sole discretion:
i. To source raw materials and finished products from other parties within Thailand and/or outside Thailand;
ii. If necessary, to apportion the free shares for 1HT under Clause 3.1(b) to other parties supplying the materials and finished products in replacement of 1HT under Clause 5.3.3.
5.3.4 In the event XYZ does not take any reasonable actions towards fulfilling any of XYZ roles and obligation under Clause 2.2, 1HT may terminate this MOA.
5.4 Binding
Unless otherwise mutually agreed, this MOA is binding and is subject, in all respects, to the execution and delivery of each definitive MOA(s) regarding the specific issues contemplated hereby for the Collaboration.
For the avoidance of doubt, signing of this MOA shall not prevent XYZ to explore negotiations with other parties for similar development in different potential site locations in other countries not covered under this Collaboration.
5.5 Notices
Any notices, requests or permissions to be made or given under this MOA to ABC and XYZ shall be in writing including by way of e-mail.
5.6 Governing Laws And Arbitration
This MOA shall be construed, governed and endorsed in accordance with the laws of Malaysia.
Any dispute, controversy or claim arising out of or relating to this MOA, or the breach, termination or invalidity thereof, shall be settled by arbitration at the venue as to be mutually agreed by the Parties in accordance with the Rules of Arbitration of the International Chamber of Commerce by arbitrator(s) appointed in accordance with such rules. The award rendered by such arbitrator(s) shall be final and binding upon the Parties.
5.7Assignment
This MOA shall not be assigned to a third party without prior written consent of the other Party.
Assignment(s)to a subsidiary company/companies or assignment(s) pursuant to arrangement under merger, consolidation or re-organization may be made with an official notice not less than Thirty (30) days to the other Party, which consent by the other Party shall not be unreasonably withheld.
5.8 Further Agreement(s)
As and when necessary, the Parties hereby may enter into further agreement(s) (based substantially on the terms and conditions of this MOA in order to elaborate in detail and to regulate the Parties’ rights and obligations for proposed Collaboration in the Related Activities.
5.9 Force Majeure
A party under this MOA shall not be liable for any failure of or delay in the performance of this MOA for the period that such failure or delay is due to causes beyond its reasonable control, including but not limited to acts of God, war, strikes or labor disputes, embargoes, government orders or any other force majeure event.
If this MOA is affected, delayed, curtailed or prevented by force majeure and the time for carrying out obligations under this MOA is thereby affected, the term of this MOA and all rights and obligations hereunder shall be extended as mutually agreed by the Parties herein.
5.10 Amendment
No amendment hereof or addition hereto is effective or binding on a Party unless reduced to writing and executed by the duly authorized representative of such Party.
5.11 Headings
Headings contained in this MOA are for reference purposes only and do not form part of this MOA and shall not be taken into account in its construction or interpretation.
5.12 References
References in this MOA to any clause or sub-clause or Schedule or Appendix without further designation shall be construed as a reference to the clause, sub-clause, Schedule or Appendix to this MOA so numbered.
5.13Schedules & Appendices
The Schedules and Appendices hereto shall be read and construed as an integral part of this MOA. In the event the Schedules and Appendices contain provisions that conflict with or are inconsistent with any of the terms and conditions of this MOA, the terms and conditions of this MOA shall prevail.
5.14 Definitions
In this MOA where the context so admits:
(i) Words importing the masculine gender only include the feminine and neuter gender;
(ii) Words importing the singular number only include the plural number and vice versa and covenants expressed to be made by two or more persons shall be deemed to have been made by them jointly and severally;
(iii) “Month” means a Gregorian calendar month;
(iv) the expressions “1HT” and “XYZ” shall include their respective heirs , successors-in-title and permitted assigns.