Usufruct. The buyer grants XxXxxx an exclusive usufructuary right in respect of the purchase item. This includes, in particular, any modifications, overhauls and refinements to the purchase item as well as the incorporation of the latter in a watch (non-exhaustive list). In return for granting the usufructuary right, the buyer is given a purchase option (see paragraph 6) on the watch, in which the purchase item is incorporated.
Appears in 4 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
