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11. Survivability. Each party agrees that all of its obligations undertaken herein as a Receiving Party shall survive and continue to survive 3 (three) years after the termination or expiration of this Agreement.
12. Governing Law and Arbitration. This Agreement shall be governed by and construed in accordance with the laws of Japan, and any claim, dispute or controversy arising between the parties out of or in relation to this Agreement, or breach thereof, which cannot be satisfactorily settled by the parties, shall be finally settled by arbitration upon the written request of either party, in accordance with the Commercial Arbitration Rules of The Japan Commercial Arbitration Association. The place of arbitration and judgement shall be Kyoto, Japan. The arbitration proceeding shall be conducted in English. The award shall be final and binding upon both parties. Judgement upon the award may be entered in any court having jurisdiction thereof.
13. Miscellaneous. This Agreement constitutes the entire understanding among the parties hereto as to the INFORMATION and supersedes all prior discussions between them relating thereto. No amendment or modification of this Agreement shall be valid or binding on the parties unless made in writing and signed on behalf of each of the parties by its authorized officer or representative. No party may assign or transfer, in whole or in part, any of its rights, obligations or duties under this Agreement. The failure or delay of any party to enforce at any time any provision of this Agreement shall not constitute a waiver of such party's right thereafter to enforce each and every provision of this Agreement. In the event that any of the terms, conditions or provisions of this Agreement are held to be illegal, unenforceable or invalid by any court of competent jurisdiction, the remaining terms, conditions or provisions hereof shall remain in full force and effect.
14. Counterparts. This Agreement may be executed in two or more identical counterparts, each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute the Agreement when a duly authorized representative of each party has signed a counterpart.
