Preferential Purchaser Status Clause Samples
The Preferential Purchaser Status clause grants certain buyers priority or special rights in purchasing goods, services, or assets. In practice, this may mean that these purchasers are given the first opportunity to buy before others, or they may receive more favorable terms compared to standard buyers. This clause is commonly used to reward loyal customers, strategic partners, or investors, and its core function is to incentivize continued business relationships and provide assurance to key stakeholders that they will not be disadvantaged in future transactions.
Preferential Purchaser Status. Caltech shall be entitled to purchase Licensed Products from Licensee for educational, research or other noncommercial purposes on pricing terms that are at least as favorable as any commercial pricing made available by Licensee to any third party.
Preferential Purchaser Status. Caltech shall be entitled to purchase Licensed Products from Licensee for educational, non-clinical research or other noncommercial purposes on pricing terms that are [***] made available by Licensee to any third party. HMI | Co-Exclusive License | A B4573824.12 -9- 7/20/2016 Confidential Portions of this Exhibit marked as [***] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission. Confidential Treatment Requested by Homology Medicines, Inc.
Preferential Purchaser Status. CDx agrees that NDT and University shall be entitled to purchase Sublicensed Products from CDx for educational, research or other noncommercial purposes on pricing terms that are at least as favorable as any commercial pricing made available by CDx to any Third Party.
Preferential Purchaser Status. Licensor shall be entitled to purchase Licensed Products from Licensee for educational, research or other noncommercial purposes on pricing terms that are at least as favorable as any commercial pricing made available by Licensee to any third party.