First Access Sample Clauses
The "First Access" clause establishes which party has the initial right to enter, use, or inspect a property or asset before others. In practice, this clause might grant a tenant the ability to access leased premises before the official lease start date for purposes such as moving in equipment or making preparations, or it could give a buyer the right to inspect a property prior to closing. Its core function is to clarify priority and prevent disputes by specifying who is entitled to access first, thereby ensuring orderly transitions and reducing the risk of conflicting claims.
POPULAR SAMPLE Copied 2 times
First Access. 4.1. K&S shall provide Purchaser with reasonable access to K&S’s existing wire bonding equipment and tools for the purpose of Purchaser establishing that its new bonding wire products function properly with K&S’s wire bonding equipment and tools. K&S shall also provide Purchaser with the right of first access before any other bonding wire company to any newly-developed K&S wire bonding equipment and tools (“New K&S Products”) to establish that Purchaser’s bonding wire products function properly with the New K&S Products.
4.2. Purchaser shall provide K&S with reasonable access to Purchaser’s new bonding wire products for the purpose of K&S determining that its wire bonding equipment and tools function properly with the Purchaser’s new bonding wire products.