Common use of Termination Upon Acquisition Clause in Contracts

Termination Upon Acquisition. Either Party may terminate this ---------------------------- Agreement by giving the other Party at least one hundred and twenty (120) days prior written notice following the acquisition by the other Party of a Third Party which makes, has made, uses, offers for sale, and/or sells products which directly compete with the Products. In addition, either Party may terminate this Agreement by giving the other Party at least one hundred and twenty (120) days prior written notice following the acquisition of the other Party by a Third Party which makes, has made, uses, offers for sale, and/or sells products which directly compete with the Products.

Appears in 3 contracts

Sources: National Marketing and Distribution Agreement (Retractable Technologies Inc), National Marketing and Distribution Agreement (Retractable Technologies Inc), National Marketing and Distribution Agreement (Retractable Technologies Inc)

Termination Upon Acquisition. Either Party may terminate this ---------------------------- Agreement by giving the other Party at least one hundred and twenty (120) days prior written notice following the acquisition by the other Party of a Third Party which makes, has made, uses, offers for sale, and/or sells products which directly compete with the Products. In addition, either Party may terminate this Agreement by giving the other Party at least one hundred and twenty (120) days prior written notice following the acquisition of the other Party by a Third Party which makes, has made, uses, offers for sale, and/or sells products which directly compete with the Products.

Appears in 1 contract

Sources: National Marketing and Distribution Agreement (Maxxon Inc)