Product Designs Clause Samples

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Product Designs. Customer (and, if applicable, its third-party licensors) will retain sole and exclusive ownership of the Product Designs, including all associated software and materials and any improvements or modifications thereto. Manufacturer is authorized to use the Product Designs, and any other materials furnished to Manufacturer by or on behalf of Customer, solely for the purpose of performing services and manufacturing Products for Customer in accordance with this Agreement. Manufacturer shall make no other use of the Product Designs.
Product Designs. The Seller acknowledges that the Product Designs have been developed by the Seller (either alone or in collaboration with customers of the Business) and that the Buyer intends to continue the use of the Products Designs in its operation of the Business after the Effective Time. As a material inducement to the Buyer’s performance under this Agreement, the Seller covenants and warrants that products manufactured by the Buyer after the Effective Time according to and in compliance with the Product Designs and other applicable safety and design standards, without material deviation from the Product Design or the type of the Company’s past exploitation of the product, will not solely on account of such Product Designs contain any defects (patent or latent) or create any dangerous condition through intended use. Notwithstanding anything in this Section 5.4 to the contrary, the covenants and warranties in this Section 5.4 shall not apply to any product manufactured by the Buyer after the Effective Time to the extent (i) such product was not manufactured according to and in compliance with the applicable Product Design, and other applicable safety or design standards without material deviation therefrom or from the type of exploitation of such products by Seller in the past, or (ii) any defect or dangerous condition in such product is due to the Buyer’s acts or omissions in manufacturing the product.
Product Designs. Licensee shall not produce or sell any Product unless LS&CO. approves of the design and the collection under this Section 5. Licensee shall produce two collections per Annual Period, for the Spring/Summer and Fall/Winter seasons and not less than fifteen (15) Styles for each collection. (For purposes of this Section 5, a "
Product Designs. Seller and its Affiliates may grant a sublicense under all or any portion of the license rights granted to Seller or its Affiliates under Section 3.2(a) at any time to a third party in connection with the manufacture of any products by or for Seller or in connection with the licensing by Seller of its product designs.
Product Designs. LICENSOR agrees to furnish conceptual product designs, if requested, for the initial product line and all subsequent variations and extensions at no charge to LICENSEE. In addition, if requested, LICENSOR will assist in the design of packaging, point-of-purchase material, displays, etc. at no charge to LICENSEE. However, costs for finished art, photography, typography, mechanical preparation, etc. will be borne by LICENSEE.
Product Designs. All right, title and interest of Seller in and to the Product Designs and the custom analog cells identified on Schedule 2.1(a) that are used exclusively in the Products;
Product Designs. The most common product designs include: (i) Fixed rate, fixed maturity GICs. (ii) Evergreen products that provide for the periodic interest rate reset applicable the unallocated amounts held under the contract. (iii) Indexed products that guarantee a return of a specified index. (iv) Products that guarantee a minimum return, such as the return of principal. (v) Immediate participation guarantee type arrangements fund fixed annuity benefits for retirees through a market value separate account. Often used to provide guaranteed annuities for participants in plan termination or other settlement situations.
Product Designs 

Related to Product Designs

  • Product Development (a) Supplier may develop enhancements it intends to incorporate into the BioGlue Surgical Adhesive during the term of this Agreement that have potential application to the Company Product (“Enhancements”). Unless otherwise agreed by the parties, at least once every six months during the Term, representatives of each of BioForm and Supplier shall hold a meeting in accordance with Sections 4.4 and 8.4 (the “Product Development Meeting”) at which Supplier will present Enhancements for BioForm to consider for application to the Company Product. At such Product Development Meeting, BioForm will also present its marketing plans (pursuant to Section 4.4) for the period and any information or feedback that BioForm reasonably believes may lead to Improvements. Within 30 calendar days following each Product Development Meeting, Supplier shall deliver a notice to BioForm (the “Enhancements Notice”) that shall describe the Enhancements that were presented by Supplier at such Product Development Meeting. Within 30 calendar days following receipt of the Enhancements Notice, BioForm may notify Supplier in writing if BioForm elects that any Enhancement described in the Enhancements Notice shall become an Improvement. If BioForm does provide such notice to Supplier during such 30-calendar day period, then BioForm and Supplier shall agree on a timeline for implementation of the Improvement in new Product Specifications for Company Product. If BioForm does not provide such a notice, said Enhancement shall not be implemented into the Company Product. The Enhancements Notice may also describe any potential Enhancements presented by Supplier at the Product Development Meeting, but BioForm shall not be required to take any action under this Section 8.4 with respect to such potential Enhancements until such time as they are presented by Supplier as Enhancements at a future Product Development Meeting. All Enhancements and potential Enhancement information provided by Supplier shall be considered Supplier Confidential Information. (b) From time to time, each party may request the other party to participate in joint projects to develop Improvements. Neither party is obligated to participate in such projects, and in each **** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. instance, each party’s decision whether to participate will be made in such party’s sole discretion. If both parties mutually agree to participate in such a project (a “Program”), the parties will promptly prepare a mutually agreeable written development agreement specifying the development activities to be performed by and the research and development tasks assigned to each party (the “Development Agreement”). All allocation of Intellectual Property rights with respect to any Program will be set forth in writing in the Development Agreement. (c) In the absence of a Development Agreement, (i) BioForm and Supplier shall retain joint ownership of Intellectual Property rights in which there is joint inventorship by BioForm (or its Affiliates) and Supplier, as determined in accordance with United States patent law, with Supplier’s rights in such joint ownership being subject to the license rights of BioForm under this Agreement, (ii) any Intellectual Property rights related to the Company Products, Enhancements, and Improvements that are created solely by employees or consultants of Supplier during the Term shall be considered to be Intellectual Property rights of Supplier, subject to the license rights of BioForm under this Agreement, and (iii) any Intellectual Property rights related to the Company Products and Improvements that are created solely by employees or consultants of BioForm or any of its Affiliates during the Term shall be considered to be Intellectual Property rights of BioForm. BioForm hereby grants to Supplier a perpetual, royalty free, world-wide, nonexclusive license to Supplier under such Blocking Intellectual Property to make, use, and sell such Intellectual Property outside the Field. “Blocking Intellectual Property” for the purposes of Section 8.4(c)(iii) shall mean Intellectual Property necessary for Supplier to make, use, or sell SA Product.

  • Product Data Illustrations, standard schedules, performance charts, instructions, brochures, diagrams, and other information furnished by Developer to illustrate a material, product, or system for some portion of the Work.

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

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