Common use of WORLDWIDE MARKET RIGHTS Clause in Contracts

WORLDWIDE MARKET RIGHTS. Both Seller and Buyer intend that Buyer and the Buyer's distributors shall be a primary distribution channel for the Products to end-user customers for both the domestic and international markets. The Buyer shall have worldwide distribution rights to sell the Products. Seller shall assist Buyer in obtaining type approvals and homologation for Buyer to distribute Products worldwide. Homologation schedules and distribution of homologation costs are to be mutually agreed upon between the Buyer and Seller. Seller further agrees where applicable to list Buyer's OEM name on certificates already earned, where possible. With respect to non domestic market rights Seller and Buyer agree to the following:

Appears in 4 contracts

Samples: Paradyne Networks Inc, Paradyne Corp, Paradyne Networks Inc

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