Common use of Product Research & Development Clause in Contracts

Product Research & Development. Product research and development and the development of brand standards, excluding product research and development related to an area that is reimbursable as a Chain Service or a direct Deduction such as product research and development for sales and marketing.

Appears in 5 contracts

Samples: Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust)

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