Common use of Recitals of Value of Licensed Property Clause in Contracts

Recitals of Value of Licensed Property. NSUSA recognizes and agrees that NSI has expended considerable time, effort and resources to develop, maintain and enhance the Licensed Property. NSUSA further agrees it will derive a considerable benefit from its use of the Licensed Property in the Territory and from NSI's efforts and expenditures respecting the Licensed Property.

Appears in 2 contracts

Samples: Licensing and Sales Agreement (Nu Skin Enterprises Inc), Licensing and Sales Agreement (Nu Skin Enterprises Inc)

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Recitals of Value of Licensed Property. NSUSA NSK recognizes and -------------------------------------- agrees that NSI has expended considerable time, effort and resources to develop, maintain and enhance the Licensed Property. NSUSA NSK further agrees it will derive a considerable benefit from its use of the Licensed Property in the Territory and from NSI's efforts and expenditures respecting the Licensed Property.

Appears in 1 contract

Samples: Licensing Agreement (Nu Skin Asia Pacific Inc)

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Recitals of Value of Licensed Property. NSUSA NSJ recognizes and -------------------------------------- agrees that NSI has expended considerable time, effort and resources to develop, maintain and enhance the Licensed Property. NSUSA NSJ further agrees it will derive a considerable benefit from its use of the Licensed Property in the Territory and from NSI's efforts and expenditures respecting the Licensed Property.

Appears in 1 contract

Samples: Licensing Agreement (Nu Skin Asia Pacific Inc)

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