Nautilus 2009 Annual Report Download - page 228
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30
17.11.
Survival
. The terms, provisions and representations contained in this License Agreement shall survive any termination or
expiration of this License Agreement to the extent that such survival is necessary to give effect to their full meaning and
intent. Without limiting the foregoing, the parties expressly agree that the following Sections (including all sub-parts, unless a
specific sub-
part is specified) of this License shall survive termination and expiration of this License: § 1; § 3 for Royalties on
Net Sales prior to termination and the completion of unfinished goods §§5, 6, 7, 8; §10; §§11 12, 13, 14, 15, and §16.
17.12.
Third Party Beneficiaries
. This License is intended solely for the benefit of the parties hereto. Except as expressly set forth
in the License, nothing in the License shall be construed to create any liability to or any benefit for any person not a party to
this License.
17.13.
Counterparts
. This License Agreement may be executed in any number of counterparts, which together will constitute one
instrument.
17.14.
Independent Contractors
. Buyer and Nautilus are independent contractors and are not the agent(s) of one another for any
purpose. Neither Buyer nor Nautilus shall have any authority to bind or obligate one another.
17.15.
Ethical Conduct
. Buyer and Nautilus shall use the highest ethical standards in their business activities and shall each not do
anything to bring the other into an unfavorable light.