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The university of North Carolina Project Agreement ~2975-91-0004 Page 2 2. Work Schedule The work program of the Carolinas Transportation Compact is on a fiscal year basis. The Carolinas Counties Coalition approved the Compact in Mid-November 1989. This contract covers the period from July 1, 1990 to June 30, 1991. 3. ~inancial SPONSOR agrees to pay to CONTRACTOR the sum of $8,100 payable upon approval of contract. 4. Use of Names in PublicitE SPONSOR agrees that no advertising or publicity matter having or containing reference to CONTRACTOR will be disseminated without the prior written consent of CONTRACTOR. 5. Intellectual P~Opert¥ Title to all inventions, discoveries, computer software or other copyrightable material or data, conceived or resulting from the performance of work hereunder, shall reside in CONTRACTOR. CONTRACTOR shall and does grant to SPONSOR a nonexclusive, nontransferable, royalty-free license to utilize any such inventions, discoveries, computer software or other copyrightable material or data. 6. Warranties;..Li~bilit¥ CONTRACTOR makes no warranties, express or implied, as to any matter whatsoever including, without limitation, the condition of the work or any product or deliverable, tangible or intangible, developed under this Agreement, or the ownership or fitness for a particular purpose of any such product or deliverable. CONTRACTOR shall not be liable for any direct, consequential, or other damages suffered by SPONSOR or by any third party resulting from the use of the work produced by CONTRACTOR under this Agreement. 7. Entire Agreement This agreement constitutes the entire understanding between the parties. No other terms and conditions, be they consistent, inconsistent, or additional to those contained herein, shall be binding upon CONTRACTOR, unless and until such terms and conditions have been specifically accepted in writing by the both parties.