UL Competitor definition
UL Competitor means a Person that is materially engaged in (i) testing, inspection and certification of products, components, assets or systems, (ii) selling subscription and license-based software and advisory services to customers to support risk management, sustainability or compliance processes or (iii) other businesses reasonably determined by the board of directors of UL Solutions Inc. to be related to the foregoing lines of business.
Examples of UL Competitor in a sentence
Notwithstanding the foregoing, Licensee shall not grant a sublicense of any rights or licenses (i) to which it is not granted rights hereunder, (ii) to any UL Competitor, or (iii) to any third Person whose exercise thereof either UL and/or Licensee believes (in their respective reasonable judgment) would reasonably be expected to have an adverse effect on the UL Masterbrand, any of the Licensed Brand Assets, or any goodwill associated therewith or the business and/or reputation of UL.