Common use of Scope of Rights Clause in Contracts

Scope of Rights. The LICENSEE shall have exclusive and unrestricted right to market the database to companies, individuals or other entities that are either brokers or managers or actual and prospective users of the database (hereinafter together with their subsidiaries and affiliates, are referred to as the "Introduced Parties"). The LICENSEE will review and analyze all proposed agreements with the Introduced Parties, assess the quality of the materials to be sent to the database, determine the extent and suitability of the materials including their disclaimers, ensure all proposed materials conform with the legal norms prevailing within the industry, and thereafter in its sole discretion, approve of the use of the list. The Licensor does not have nor does it profess to have any experience in the industry for which it has granted the LICENSEE its exclusive rights and expressly states that it will provide no assistance in analysis, evaluation, approval or negotiation on behalf of the LICENSEE. During the term of this agreement Licensor grants the LICENSEE a right of first refusal to purchase the database at a price to be determined by the parties.

Scope of Rights. The LICENSEE shall have exclusive and unrestricted right to market the database to companies, individuals or other entities that are either brokers or managers or actual and prospective users of the database (hereinafter together with their subsidiaries and affiliates, are referred to as the "Introduced Parties"). The LICENSEE will review and analyze all proposed agreements with the Introduced Parties, assess the quality of the materials to be sent to the database, determine the extent and suitability of the materials including their disclaimers, ensure all proposed materials conform with the legal norms prevailing within the industry, and thereafter in its sole discretion, approve of the use of the list. The Licensor does not have nor does it profess to have any experience in the industry for which it has granted the LICENSEE its exclusive rights and expressly states that it will provide no assistance in analysis, evaluation, approval or negotiation on behalf of the LICENSEE. During the term of this agreement Licensor grants the LICENSEE a right of first refusal to purchase the database at a price to be determined by the parties.