Professional Documents
Culture Documents
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Agreement. Accordingly the Parties agree that Discloser shall be entitled, in
addition to any other rights and remedies available to Discloser, to such
injunctive or equitable relief as may be deemed proper by a court of
competent jurisdiction.
9. Assignment. This Agreement shall be binding upon and shall benefit each
Party’s respective successors and lawful assigns; provided, however, that
neither Party may assign this Agreement (whether by operation of law, sale of
securities or assets, merger or otherwise), in whole or in part, without the prior
written approval of the other Party. Any attempted assignment in violation of
this section shall be void.
10. Waiver. No failure or delay by a Party in exercising any right, power or
privilege under this Agreement shall operate as a waiver thereof or preclude
any other or further exercise thereof or the exercise of any other right, power
or privilege under this Agreement.
11. Definitive agreement. Until an agreement relating to the Transactions is
executed, the Parties shall have no obligation to proceed with the
Transactions. Each Party may terminate discussions concerning the
Transactions with the other Party at any time for any reason.
12. Costs. Each Party shall bear its own costs and expenses incurred in connection
with evaluating the Transactions and entering into this Agreement.
13. Governing law and notices. This Agreement represents the entire agreement
between the Parties with respect to its subject matter and shall be governed
by, and construed in accordance with, the laws of the Republic of the
Philippines without regard to conflicts of laws principles. Each Party hereby
irrevocably and unconditionally consents and submits to the exclusive
jurisdiction of the courts of the Quezon City, Philippines or for any actions
arising out of or relating to this Agreement and agrees that service of process
to a Party by any permissible means under applicable law shall be effective
service of process for any action brought against such Party in any such court.
Each Party hereby irrevocably and unconditionally waives any objection to the
laying of venue of any action in such courts.
14. Term, termination and survival. This Agreement shall apply to all Confidential
Information disclosed by Discloser to Recipient, including without limitation
any Confidential Information disclosed prior to the date of this Agreement,
and shall continue in full force and effect for so long as Recipient retains or
continues to receive Confidential Information from Discloser.
Notwithstanding the foregoing, either Party may terminate this Agreement
upon ninety (90) days prior written notice to the other Party. All sections of
this Agreement relating to the rights and obligations of the Parties concerning
Confidential Information disclosed during the term of this Agreement shall
survive any termination.
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