Competing Products and Product Development Sample Clauses

Competing Products and Product Development. 1. Except as set forth below, during the term of this Agreement, US Search agrees not to outsource development of new products and sell those products that are substantially similar in process and compete with the products listed in Exhibit A unless and until US Search has paid the Aggregate Minimum as herein defined below. For purposes of this Agreement, "process" shall mean the overall manner in which an end result is produced. In the event that US Search desires to outsource development of a product or products that are substantially similar in process and would compete with the products listed in Exhibit A, US Search shall present such development opportunity to RiskWise. RiskWise shall have twenty (20) calendar days to elect to assist US Search in developing such a product and present a bid consisting of a scope of work and development fee. If the bid is consistent with the proposed development project and commercially reasonable in price, the parties will then enter into a separate contract that will cover the development of the new product(s). If either (i) RiskWise does not elect to assist in the development of such product or products within the twenty (20) calendar days, or (ii) RiskWise's proposed development fee is not commercially reasonable for a development project of 4 *** Confidential the scope proposed, then US Search shall be free to outsource such development projects, provided, however, that US Search shall be required to continue to offer the Licensed Services to its customers. For purposes of the Agreement, RiskWise's proposed development fee will be deemed to be commercially reasonable, unless US Search is able to obtain a competing bid for the services that is ten (10) percent or more lower than RiskWise's proposed fee. Notwithstanding the aforementioned, the following provisions shall apply:
Sample 1
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Related to Competing Products and Product Development

  • Competing Products The provisions of Section 21 are set forth on attached Exhibit H and are incorporated in this Section 21 by this reference.

  • Product The term “

  • Product Development SB shall have responsibility for, and control of, the development and commercialization of each Product arising from this Agreement, including process development, delivery system and formulation development, preclinical studies, clinical studies, sales and marketing.

  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

  • Licensed Products Lessee will obtain no title to Licensed Products which will at all times remain the property of the owner of the Licensed Products. A license from the owner may be required and it is Lessee's responsibility to obtain any required license before the use of the Licensed Products. Lessee agrees to treat the Licensed Products as confidential information of the owner, to observe all copyright restrictions, and not to reproduce or sell the Licensed Products.

  • Products 1.1. The information (including but not limited to the quantity, rated hashrate, unit price (“Unit Price”), total price for one item (“Total Price (One Item)”), total price for all the items (“Total Purchase Price”) of Products to be purchased by Party B from Party A is as follows (“Products”):

  • Commercialization Intrexon shall have the right to develop and Commercialize the Reverted Products itself or with one or more Third Parties, and shall have the right, without obligation to Fibrocell, to take any such actions in connection with such activities as Intrexon (or its designee), at its discretion, deems appropriate.

  • Competitive Products Competitive Products" means products that serve the same function as, or that could be used to replace, products the Company provided to, offered to, or was in the process of developing for a present, former, or future possible customer/partner at any time during the twelve (12) months immediately preceding the last day of Participant's employment (or at any time during Participant's employment if Participant was employed for less than 12 months), with which Participant had direct responsibility for the sale or development of such products or managing those persons responsible for the sale or development of such products.

  • Company Products Schedule 2.10(d) of the Company Disclosure Letter lists all Company Products, and for each such product or feature (and each version thereof) identifying its release date.

  • Licensed Product “Licensed Product” shall mean any article, composition, apparatus, substance, chemical material, method, process or service whose manufacture, use, or sale is covered or claimed by a Valid Claim within the Patent Rights. For clarity, a “Licensed Product” shall not include other product or material that (a) is used in combination with Licensed Product, and (b) does not constitute an article, composition, apparatus, substance, chemical material, method, process or service whose manufacture, use, or sale is covered or claimed by a Valid Claim within the Patent Rights.

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