Similar Product definition
Examples of Similar Product in a sentence
Although Immersion's development relationship with Logitech under the terms of this Agreement is not exclusive, Immersion agrees, during the Advisement Period (as defined below), to provide Logitech with written notice if Immersion enters into an agreement with a third party manufacturer which will permit such third party manufacturer to produce a Similar Product that is scheduled or planned to ship during calendar 1999.
However, in the event Supernus or its Sublicensee continues to promote the Afecta Licensed Product when the Similar Product is: (i) an [**] and (ii) the [**] Supernus’ obligation to pay royalties to Afecta shall be reduced to [**] of the applicable Afecta Pre-IP royalty rate specified in Article 5.2.2 and only for a period of time that does not extend the royalty obligation beyond what is contemplated under clause 5.2.4.2.
Within [***] days after [***], Servier shall have the option (the “Similar Product Opt-In Right”) for each Similar Product to include such Similar Product as a Pfizer Licensed Product under this Agreement for Servier’s Territory exercisable as set forth below; provided that the Similar Product Opt-In Right shall lapse [***] years after the Effective Date with respect to Similar Products (the “Restricted Period”).
Supplier shall further ensure that each such employee signs, before beginning work on any Similar Product within Supplier, a written affirmation to Supplier on a form provided by Supplier which states that the employee (i) has neither retained nor had access for a minimum period of twelve (12) months to any Confidential Information, and (ii) will not utilize, or facilitate use of, any Confidential Information in such development.
In the event Section 3.4.3 does not apply, where Substantial Similar Competition by a Similar Product exists in a country in which a Licensed Product covered by a Valid Claim of Unigene Formulation Patent Rights is being sold, the applicable royalties set forth in Section 3.4.1 on Net Sales in such country shall be reduced by *** percent (***%) for each Calendar Quarter in which Substantial Similar Competition exists.