In the context of an alliance contract, which of the following is true of a performance clause?
A) It specifies the specific duties and obligations of each of the partners, including warranties and minimum execution levels required to satisfy the contract.
B) It specifies product markets or businesses that partners are restricted from entering.
C) It specifies intellectual property or confidential information brought to the alliance by the partners that is not to be used by other partners or shared outside of the alliance without the partner's written consent.
D) It specifies ownership rights to intellectual property (such as patents) created as a result of the alliance.
Correct Answer:
Verified
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