Developed Product definition
Examples of Developed Product in a sentence
VeriChip shall not sell any Developed Product, Improvements or New Product or other product covered by this Agreement (either individually or otherwise) to any party if it knows or should know that such party intends to use, market or otherwise sell or provide such products in the Excluded Market.
During the Term, Company shall not sell any Developed Product, New Product or any product whose principal use is for secure identification applications (either individually or otherwise) to any party other than a member of the VeriChip Group if the Company knows or should know that such party intends to use, market or otherwise sell or provide such products in the Exclusive Market.
If either Party wishes to make a public disclosure concerning this Agreement or the relationship established hereunder and such disclosure mentions the other Party by name or description, such other Party shall be provided with an advance copy of the disclosure and shall have five (5) business days within which to approve or disapprove such use of its name or description (including mention of the name of the Developed Product).
A complaint is any written, electronic or oral communication that alleges deficiencies related to the safety, effectiveness, identity, labeling quality, durability, reliability or performance of a Developed Product after it is released for commercial distribution.
Any such Improvements shall be deemed to be associated with a Developed Product for purposes hereof and the provisions of this Agreement with respect to the Developed Products shall mean the Developed Products together with any Improvements.