Labeler Code Sample Clauses
The "Labeler Code" clause defines the assignment and use of a unique identifier, known as a labeler code, to a party responsible for labeling products, typically in regulated industries such as pharmaceuticals or medical devices. This code is used to track and identify the source of products throughout the supply chain, ensuring traceability and compliance with regulatory requirements. By establishing a clear system for product identification, the clause helps prevent mislabeling, facilitates recalls if necessary, and supports regulatory oversight.
Labeler Code. The parties, in consideration of the covenants, conditions, agreements, and stipulations expressed in this Agreement, do agree as follows:
Labeler Code. VIVUS shall have the right to exercise the VIVUS Exploitation Rights under its own labeler code. VIVUS has the right to take all steps it deems necessary and appropriate to prepare for the immediate exercise of the VIVUS Exploitation Rights, including entering into any agreements with a third party in respect thereof, but will forbear from actually exercising the VIVUS Exploitation Rights only unless or until an Event of Default occurs (the “Limited Forbearance”).