Common use of Licensor Covenant Clause in Contracts

Licensor Covenant. During the Contract Term or Extension Term hereof, Licensor agrees that it will not, either alone or acting together with a third party, manufacture, market, sell or distribute any Product in the Territory, provided that during the final ninety (90) days of any Contract or Extension Term hereof, and upon prior written notice to Licensee, Licensor shall have the right to design and manufacture such products and to negotiate and conclude such agreements as it desires pursuant to which it may grant licenses to any party or parties of any or all of the rights herein granted to Licensee; provided, however, that no such products shall be shipped by Licensor or any third party other than Licensee prior to the expiration or termination of this Agreement (exclusive of the additional two hundred and seventy (270) day period as provided in Article 21 hereof).

Appears in 1 contract

Samples: License Agreement (Salton Maxim Housewares Inc)

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Licensor Covenant. During the Contract Term or Extension Term Terms hereof, Licensor agrees that it will not, either alone or acting together with a third party, manufacture, market, sell or distribute any Product in the Territory, provided that during the final ninety (90) days of any Contract or Extension Term hereof, and upon prior written notice to Licensee, Licensor shall have the right to design and manufacture such products and to negotiate and conclude such agreements as it desires pursuant to which it may grant licenses to any party or parties of any or all of the rights herein granted to Licensee; provided, however, that no such products shall be shipped by Licensor or any third party other than Licensee prior to the expiration or termination of this Agreement (exclusive of the additional two hundred and seventy (270) day period as provided in Article 21 hereof).

Appears in 1 contract

Samples: License Agreement (Salton Maxim Housewares Inc)

Licensor Covenant. During the Contract Term or Extension Term Terms hereof, Licensor agrees that it will not, either alone or acting together with a third party, manufacture, market, sell or distribute any Product in the Territory, provided that during the final ninety (90) [*] days of any Contract or Extension Term hereof, and upon prior written notice to Licensee, Licensor shall have the right to design and manufacture such products and to negotiate and conclude such agreements as it desires pursuant to which it may grant licenses to any party or parties of any or all of the rights herein granted to Licensee; provided, however, that no such products shall be shipped by Licensor or any third party other than Licensee prior to the expiration or termination of this Agreement (exclusive of the additional two hundred and seventy (270) day [*] period as provided in Article 21 hereof).

Appears in 1 contract

Samples: License Agreement (Salton Maxim Housewares Inc)

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Licensor Covenant. During the Contract Term or Extension Term hereof, Licensor agrees that it will not, either alone or acting together with a third party, manufacture, market, sell or distribute any Product in the Territory, provided that during the final ninety (90) days [*] of any Contract or Extension Term hereof, and upon prior written notice to Licensee, Licensor shall have the right to design and manufacture such products and to negotiate and conclude such agreements as it desires pursuant to which it may grant licenses to any party or parties of any or all of the rights herein granted to Licensee; provided, however, that no such products shall be shipped by Licensor or any third party other than Licensee prior to the expiration or termination of this Agreement (exclusive of the additional two hundred and seventy (270) day [*] period as provided in Article 21 hereof).

Appears in 1 contract

Samples: License Agreement (Salton Maxim Housewares Inc)

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