Undivided Right definition
Undivided Right means, for a Performance R▇▇ whose Talent Information Sheet expressly includes such right, the undivided share of the sublicense of the Proprietary Rights granted by the Company jointly and severally to the Investor and other Users who are parties to R▇▇▇ relating to the same Talent and whose right in the undivided sublicense is equal to: [One divided by the Maximum Supply];
Examples of Undivided Right in a sentence
Consequently, the termination, cancellation or modification of the Performance Agreement, as the case may be, or the Talent’s breach of contract under the Performance Agreement may result in particular for the Investor (a) having the status of Subscriber in a total or partial loss of the Subscription Price paid by him to the Company, (b) the possibility of not receiving a Assignment Price in the event of an Assignment on the Secondary Market, (c) the loss or modification of the Undivided Right.