This excerpt taken from the SGRP 10-K filed Apr 2, 2007.
Approved System means, as at any time, the computing systems, servers, processors and other hardware, together with any operating system software and applications software to enable SPAR to provide training, localization and maintenance support services contemplated by this Agreement, that are approved by SPAR as required by the terms of this Agreement. SPAR shall not unreasonably withhold such approval.
Execution Date means the date when this Agreement is executed.
SPAR Developments means any intellectual property developed by SPAR not based on the Company Proprietary Information.
Company Developments means any intellectual property developed by the Company and not based on the SPAR Adapted Software or SPAR Proprietary Information.
Licensed Marks means the trade name, logo, trademarks and/or service marks owned or used under license by SPAR and now or in the future used by SPAR or the Company in connection with offering Merchandising Services.
Licensed Technology means all SPAR Adapted Software and SPAR Proprietary Information.
Merchandising Services means in-store marketing, inventory management, distribution, fulfillment and other services provided to consumer product and other businesses, which SPAR performs in U.S. by using Licensed Marks and Licensed Technology.
Proprietary Information means all data, processes, procedures, methods, documentation, information, records, drawings, designs, specifications, evaluations, know how, and material related to the Merchandising Services, business, assets, products, processes, or prospects of a party (Disclosing Party) communicated to, supplied to, or observed by the other party (Disclosed Party), directly or indirectly, at any time, whether or not protected under trade secret or patent law, or received from the Disclosing Party or any person subject to a contractual or fiduciary relationship with the Disclosing Party. The term Proprietary Information shall not include information otherwise unprotected by law as proprietary property of the Disclosed Party that the Disclosed Party can demonstrate:
(i) was known to the Disclosed Party at the time of receipt from the Disclosing Party;
(ii) is or becomes publicly known or a part of the public domain through no act or fault of the Disclosed Party;
(iii) was received by the Disclosed Party from a third party having the legal right to transmit the same; or
(iv) was developed by the Disclosed Party independently of any of the Proprietary Information.
If the Disclosing Party is SPAR, such Proprietary Information is indicated as SPAR Proprietary Information; and if the Disclosing Party is the Company, such Proprietary Information is indicated as Company Proprietary Information
SPAR Original Software means software used by SPAR as of the Execution Date in providing Merchandising Services in the U.S., and accompanying documentation, including operating manuals, user instructions, technical literature, hard and soft copy forms of SPAR sales brochures, product/service sheets and other documents which are part of the standard SPAR sales toolkit.
SPAR Adapted Software means the adaptation of SPAR Original Software as adapted by SPAR for use in Lithuania and made available to the Company in object code form, and accompanying documentation, including operating manuals, user instructions, technical literature, hard and soft copy forms of SPAR sales brochures, product/service sheets and other documents which are part of the standard SPAR sales toolkit.
Territory means the countries of Lithuania, Latvia and Estonia.