Common use of Licensing Company May Make Changes to Licensing System Clause in Contracts

Licensing Company May Make Changes to Licensing System. Licensee acknowledges for itself and its Affiliates, and agrees that the integrity of Licensing Company’s licensing system is important to the equitable treatment of manufacturers of Licensed Product and to open and fair competition in the market for Licensed Product and the market for licensing intellectual property rights relevant to Licensed Product. Accordingly, Licensee acknowledges for itself and its Affiliates, and agrees that Licensing Company may, in its sole discretion which Licensing Company shall not exercise unreasonably or within an unreasonably short period of time revise the Standard Rate. Licensee acknowledges for itself and its Affiliates, and agrees that any such revision or other change as set out in a notice shall be deemed to be incorporated into this License Agreement upon the effective date of the change. Other than provisions related to the Standard Rate, revisions and changes in accordance with this Section 10.1 shall not conflict with any other provisions of this License Agreement.

Licensing Company May Make Changes to Licensing System. Licensee acknowledges for itself and its Affiliates, and agrees that the integrity of Licensing Company’s licensing system is important to the equitable treatment of manufacturers of Licensed Product and to open and fair competition in the market for Licensed Product and the market for licensing intellectual property rights relevant to Licensed Product. Accordingly, Licensee acknowledges for itself and its Affiliates, and agrees that Licensing Company may, in its sole discretion which Licensing Company shall not exercise unreasonably or within an unreasonably short period of time revise the Standard Rate. Licensee acknowledges for itself and its Affiliates, and agrees that any such revision or other change as set out in a notice shall be deemed to be incorporated into this License Agreement upon the effective date of the change. Other than provisions related to the Standard Rate, revisions and changes in accordance with this Section 10.1 shall not conflict with any other provisions of this License Agreement.. Reference Copy