Common use of Replacement Product Clause in Contracts

Replacement Product. In order to avoid or limit any liability for infringement, GBI may, at any time and irrespective of whether it shall be obligated to do so by order of any court, at its expense and option replace any Product with a non-infringing item providing substantially the same performance and has received all necessary regulatory approvals.

Appears in 2 contracts

Sources: Exclusive Development, Supply and Distribution Agreement (Ats Medical Inc), Exclusive Development, Supply and Distribution Agreement (Ats Medical Inc)