1Quality Standards Clause Samples
1Quality Standards. Licensor will not, and will require that those of its Affiliates (except for Licensee) who Licensor permits or grants rights to use the Licensed ▇▇▇▇ to not, take any actions to tarnish, dilute or impair the value of the Licensed ▇▇▇▇ or the associated goodwill. Licensee acknowledges and is familiar with the high standards and reputation for quality the Licensed ▇▇▇▇ represents, and Licensee shall, at all times, conduct the Business and use the Licensed ▇▇▇▇ in a manner at least consistent with such quality standards and reputation.
1Quality Standards. (a) Product sold by Licensee shall meet the quality control standards and specifications established from time to time by Licensor, including any requirements of applicable regulatory agencies. Licensor shall have the right to audit Licensee’s quality control of Product from time to time on a reasonable basis and on reasonable prior notice to Licensee.
(b) In the event that quality control of Licensee falls below Licensor’s standards and specifications, Licensor shall give Licensee written notice of such failures, and Licensee shall, at its expense and within the reasonable notice period set out in the notice, take such corrective action as is necessary to restore quality to the appropriate level.