Common use of Exhaustion Clause in Contracts

Exhaustion. Each Party shall apply a national or regional1 exhaustion regime of intellectual property rights, in accordance with its respective domestic law, in respect of copy right and related rights, designs, and trademarks. 1 The term “regional” refers to regional economic integration organisations that set up an internal market ensuring the free movement of goods and services. SECTION 2 STANDARDS CONCERNING INTELLECTUAL PROPERTY RIGHTS COPYRIGHT AND RELATED RIGHTS

Exhaustion. Each Party shall apply a national or regional1 exhaustion regime of intellectual property rights, in accordance with its respective domestic law, law in respect of the following rights: copy right rights- and related rights, designs, and trademarks. 1 The term “regional” refers to regional economic integration organisations Regional Economic Integration Organisations that set up an internal market ensuring the free movement of goods and services. SECTION 2 STANDARDS CONCERNING INTELLECTUAL PROPERTY RIGHTS COPYRIGHT AND RELATED RIGHTS