Common use of New Product Clause in Contracts

New Product. In the event that either (i) an insurer or entity ----------- other than AIC or any of its affiliates (a "Competing Insurer") proposes a program to offer on the ABT Website any personal or commercial insurance other than the Products offered pursuant to this Agreement (a "New Product") or (ii) ABTAC wishes to market a New Product through a Competing Insurer, then ABTAC shall immediately give AIC written notice of such New Product and the related terms (the "New Product Notice").

Appears in 3 contracts

Sources: Marketing Agreement (Auto by Tel Corp), Marketing Agreement (Auto by Tel Corp), Marketing Agreement (Auto by Tel Corp)

New Product. In the event that either (i) an insurer or entity ----------- other than AIC or any of its affiliates (a "Competing Insurer") proposes a program to offer on the ABT Website any personal or commercial insurance other than the Products offered pursuant to this Agreement (a "New Product") or (ii) ABTAC wishes to market a New Product through a Competing Insurer, then ABTAC shall immediately give AIC written notice of such New Product and the related terms (the "New Product Notice").

Appears in 2 contracts

Sources: Marketing Agreement (Autobytel Com Inc), Marketing Agreement (Autobytel Com Inc)