Synthonics grants Clause Samples

Synthonics grants. KL the right of first refusal relative to the exclusive use of the RVR(TM) tools for the electronic commerce industry. Prior to the signing of any agreement for the use of its RVR(TM) tools with any company that competes with KL, Synthonics shall allow KL to exercise its right to procure the exclusive use of RVR(TM) for the electronic commerce industry. The value of an exclusive use agreement shall be determined by Synthonics at the time of the intended exercise of this right by KL.