Permitted Market definition
Examples of Permitted Market in a sentence
Where the volume of Licensed Product to be sold or supplied exceeds such demand (as reasonably estimated by the Licensee), the Licensee shall take all reasonable steps to ensure that the relevant sale or supply will not breach the terms of this Agreement, including the restrictions regarding Permitted Market.
The Licensee shall, acting in compliance with all Applicable Law, use its best endeavours to enable broad access to Licensed Product in the Permitted Market of a country of the Territory as soon as it has obtained Regulatory Approval for such Licensed Product in such country.
The parties agree to provide notice as follows: (i) to the extent it is permitted by law to do so, GDIS will promptly notify Conductus of those opportunities for Government Contracts specified under Section 3.3.1, which it does not intend to pursue and any Government Contracts it intends to pursue with a subcontractor other than Conductus; and (ii) Conductus will notify GDIS of its intent to pursue a contract within the Permitted Market.
Subject to all the terms and limitations of this Agreement, Conductus hereby grants GDIS a nonexclusive, nonsublicensable, perpetual license under its Proprietary Rights in Conductus Technology for magnetic quadrapole and magnetic sensing applications for underwater and underground object detection applications, and to US Patent Number 5,455,595 and U.S. Patent Application 08/041,731, to use, make, have made, market and sell Licensed Products only to the Permitted Market.
Conductus will grant GDIS, on a case-by-case basis, at the request of GDIS, a limited license to develop, use, make, have made by a third party, market or sell products incorporating Conductus Technology outside the Permitted Market.
Subject to Section 3.2.2, GDIS will not make, have made by a third party, market or sell any product incorporating Conductus Technology outside the Permitted Market either directly or indirectly by a participant in a distribution channel (for example, an original equipment manufacturer (OEM), value-added reseller (VAR), distributor or dealer) or by resale by a GDIS customer.
For the two year period commencing on the date hereof, Licensor will not develop a product that is specifically designed for and targeted at the Permitted Market in competition with the Licensed Products.
To the extent necessary for the purposes of this paragraph, LICENSOR hereby grants to LICENSEE a nonexclusive, revocable, nontransferable, royalty-free right during the Term, in the Territory, to use LICENSOR’s trademark rights in the phrase mutually agreed upon for use with the Permitted Market products.
Licensee acknowledges and agrees that this Agreement does not grant Licensee any rights to use, adapt, modify, reproduce, market, promote, distribute, license or sublicense, directly or indirectly, any Licensed Materials for sale, license or distribution to any End Users outside of the Permitted Market.
If Medis determines that the opportunity requires granting the distributor exclusive rights in a Permitted Territory of Permitted Markets”), Medis may limit Kensington’s exclusive rights to exclude that particular area in the Permitted Territory or Permitted Market effective thirty (30) days following written notice to Kensington.