Common use of Substitute Products Clause in Contracts

Substitute Products. If Supplier develops any products that are more efficient or less expensive than the comparable OEM Products available under this Agreement, Philips will have the right to substitute the newer products at the same price as the comparable OEM Products for all subsequent purchases under this Agreement. Such substitute products must be compatible with the current version of the Philips Products.

Appears in 2 contracts

Sources: Oem Purchase Agreement (Biotel Inc.), Oem Purchase Agreement (Biotel Inc.)