Product Rights definition
Examples of Product Rights in a sentence
For clarity, the Seller and its Affiliates are permitted to create, incur, assume or suffer to exist a Lien on (x) Excluded Product Assets and (y) rights that relate to such products and are not Product Rights.
Further, the Seller and its Affiliates shall be permitted to assign this Agreement and all or substantially of its and their rights, title or interest in or to all of the Product Rights to a Permitted Entity if such Permitted Entity agrees in a writing that it assumes this Agreement.
The Seller may redact or otherwise exclude from any of the foregoing (x) any information the redaction or exclusion of which is required to comply with applicable law and (y) any information that does not relate to the Revenue Payments, the Revenue Participation Right, the Product or the Product Rights.