Common use of Conversion to Non-Exclusive Clause in Contracts

Conversion to Non-Exclusive. CVDI shall have the right to convert the exclusivity of Dade's rights to sell the Products and to use the Trademarks to a non-exclusive distribution agreement at any time the minimum sales to end users, as set forth in Section 7.4, are not met. Such right shall be exercised upon at least sixty (60) days' prior written notice. Upon exercise of such conversion right: (a) CVDI will not sell Alliance Cards, including cards calibrated to Dade reagents, or Dade Alliance Cards, except to Dade; provided, however, that if CVDI exercises such conversion right in 1997, CVDI shall not be limited as to any sales of cards calibrated to Dade reagents; provided, however, CVDI may not sell Cards bearing Dade marks except to Dade;

Appears in 2 contracts

Sources: Distribution Agreement (Cardiovascular Diagnostics Inc /Nc/), Distribution Agreement (Cardiovascular Diagnostics Inc /Nc/)