Common use of OEM Agreement Clause in Contracts

OEM Agreement. The parties shall use their best efforts to negotiate and execute, within thirty (30) days of the Effective Date, an OEM agreement the terms of which shall include (a) the appointment of Inrange as a nonexclusive worldwide OEM distributor of Ancor's standard products; (b) pricing for such products on a most-favored customer basis with respect to other OEM distributors purchasing similar volumes of such products, and (c) other customary and reasonable terms to be mutually agreed by the parties.