Common use of LABELS/PACKAGING Clause in Contracts

LABELS/PACKAGING. All Licensed Products shall contain a label, hangtag and/or packaging (hereinafter c collectively “labeling” or “label(s)”) as designated by LICENSOR from time to time. LICENSEE understands the importance of maintaining the security and integrity of all trademarked labeling used on the Licensed Products, and LICENSEE agrees to use its best efforts to maintain, and to require any subcontractors to maintain, a strict, accurate and current inventory of all labels throughout the manufacturing process of the Licensed Products so as to preclude any diversion of the labels, and, if any such diversion occurs, LICENSEE agrees to notify LICENSOR in writing immediately upon discovery thereof

LABELS/PACKAGING. All Licensed Products shall contain a label, hangtag and/or packaging (hereinafter c collectively “labeling” or “label(s)”) as designated by LICENSOR from time to time. LICENSEE understands the importance of maintaining the security and integrity of all trademarked labeling used on the Licensed Products, and LICENSEE agrees to use its best efforts to maintain, and to require any subcontractors to maintain, a strict, accurate and current inventory of all labels throughout the manufacturing process of the Licensed Products so as to preclude any diversion of the labels, and, if any such diversion occurs, LICENSEE agrees to notify LICENSOR in writing immediately upon discovery thereof.