period covered by the internship plan shall be exclusively owned by the Student

Period covered by the internship plan shall be

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period covered by the internship plan shall be exclusively owned by the Student- Interns . Should the Company/Institution provide financial support for the creation of such intellectual property, the ownership of the intellectual property shall be subject to another agreement; d) In case the Student-Interns jointly creates intellectual property with a person connected with the Company/Institution , the intellectual property shall belong to them jointly in proportion to their contribution; e) It is expressly understood by DLSU that all information on technology, manufacturing process, process standards, quality assurance methodologies, quality standards, production capabilities, raw materials purchasing, marketing, finance, and all other related documents, manuals, operational or technical matters that the Company/Institution shall make available shall be used for the sole purpose of performing their tasks under the internship program; and f) It is understood that all information gathered by the Student on the operations and business matters of the Company/Institution are classified as confidential in nature and proprietary to the Company/Institution . DLSU hereby undertake to prevent transfer of such information by any of its members, consciously or unconsciously, to any party outside of the Company/Institution without the latter’s knowledge and written consent. SECTION VI Termination of the Agreement The Parties shall have the right to pre-terminate the training contemplated by this Agreement and the Internship Plan by serving a written notice to the other party at least thirty (30) days prior to the intended date of termination and based on the following grounds: a) The Company/Institution is proven to fail in providing the safety of the Student-Interns and quality of training contemplated by this Agreement and the established Internship Plan ; b) There is any material violation of the foregoing covenants that will warrant the cancellation of this Agreement. SECTION VII Entire Agreement and Amendment This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof. It excludes and supersedes everything else which has occurred between the parties whether written or oral, including all other communication with respect to the subject matter hereof. Any amendment hereto shall be mutually agreed upon in writing by the parties. MOA between DLSU and Host Company/Institution (re: Internship of DLSU Students) Page 4 of 6
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SECTION VIII Dispute Resolution, Governing Law, and Venue of Actions Any and all disputes arising out of or relating to this Agreement shall be subjected to good faith negotiations between the Parties before implementation of the legal proceedings pursuant to the provisions of the Alternative Dispute Resolution Law.
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  • Winter '15
  • Atty. Galas
  • De La Salle University

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