Applicable Law This Agreement shall be interpreted in accordance with the laws of the Democratic Socialist Republic of Sri Lanka. Dispute Resolution Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach termination or invalidity thereof, if not amicably settled within thirty (30) days of the first written notice thereof being sent to one party by the other party, shall be referred to a Committee consisting of 3 members, one each to be appointed by the parties and the third member, who shall be the Chairman of the Committee, to be appointed by the said two members. Any party not satisfied by such proceeding or order of the Committee may refer the same to the Courts of Sri Lanka. Full Agreement This Agreement together with its annexes and attachments, which are incorporated herein by reference, is the sole and entire Agreement between the parties. This Agreement supersedes all prior understandings, agreements and documentation relating to such subject matter. Confidentiality Both parties hereby undertake that together with their employees, agents, officers and consultants will keep in the strictest confidence, except where disclosure is required by law, any confidential or proprietary information or intellectual property of any nature belonging to the other party which may come into their possession or to their knowledge during their association with each other, except where the prior written consent of other party is obtained. The available information of to the Customer shall always be treated as confidential information and shall not be disclosed by either party without prior written approval of the Customer. Each party shall indemnify the other of such disclosure of information. Indemnity The Company shall indemnify and hold harmless the SLT against any claim, action, demand, expense, loss or other liabilities whatsoever which may arise as a result of this Agreement, including but not limited to third party claims. Intellectual Property Rights Both parties hereby acknowledge that it is not entitled to any rights, title or interest in any of the trade mark, logo, brand name, invention, patent, copyrights, registered designs, design rights or any intellectual property right of the other. Any advertisement of either party thereof and that all such rights, title or interest of each party are and shall remain the property of and vested with each party at all times. Warranty of Undertaking Company shall warrant that it has the necessary expertise licence and resources to carry on the Scope of Work stated herein to the total satisfaction of SLT at all times.
Applicable Law This Agreement shall be interpreted in accordance with the laws of the Democratic Socialist Republic of Sri Lanka. Dispute Resolution Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach termination or invalidity thereof, if not amicably settled within thirty (30) days of the first written notice thereof being sent to one party by the other party, shall be referred to a Committee consisting of 3 members, one each to be appointed by the parties and the third member, who shall be the Chairman of the Committee, to be appointed by the said two members. Any party not satisfied by such proceeding or order of the Committee may refer the same to the Courts of Sri Lanka. Full Agreement This Agreement together with its annexes and attachments, which are incorporated herein by reference, is the sole and entire Agreement between the parties. This Agreement supersedes all prior understandings, agreements and documentation relating to such subject matter. Confidentiality Both parties hereby undertake that together with their employees, agents, officers and consultants will keep in the strictest confidence, except where disclosure is required by law, any confidential or proprietary information or intellectual property of any nature belonging to the other party which may come into their possession or to their knowledge during their association with each other, except where the prior written consent of other party is obtained. The available information of to the Customer shall always be treated as confidential information and shall not be disclosed by either party without prior written approval of the Customer. Each party shall indemnify the other of such disclosure of information. Indemnity The Company shall indemnify and hold harmless the SLT against any claim, action, demand, expense, loss or other liabilities whatsoever which may arise as a result of this Agreement, including but not limited to third party claims. Intellectual Property Rights Both parties hereby acknowledge that it is not entitled to any rights, title or interest in any of the trade mark, logo, brand name, invention, patent, copyrights, registered designs, design rights or any intellectual property right of the other. Any advertisement of either party thereof and that all such rights, title or interest of each party are and shall remain the property of and vested with each party at all times. Warranty of Undertaking Company shall warrant that it has the necessary expertise licence and resources to carry on the Scope of Work stated herein to the total satisfaction of SLT at all times.
027024-Sri-Lanka-Telecom-PSTN-Switches-Monetization-Draft-Contract.docx