Common use of Existing Stock Clause in Contracts

Existing Stock. 15.1 In case of termination of this Agreement, OWNER will grant DISTRIBUTOR a reasonable period of time to sell its existing stock of Product, which shall in any event not be longer than ninety days (90) from the date of termination of this Agreement.

Appears in 2 contracts

Sources: License and Distribution Agreement (American Heritage International Inc.), Distribution Agreement

Existing Stock. 15.1 In case of termination of this Agreement, OWNER will grant DISTRIBUTOR a reasonable period of time to sell its existing stock of Product, which shall in any event not be longer than ninety days (90) from the date of termination of this Agreement.

Appears in 1 contract

Sources: Distribution Agreement