CL Product definition
Examples of CL Product in a sentence
In return, Uroplasty agrees during the term of this Agreement to purchase its entire requirements of CL Product components from CL, as further detailed below.
Use its best efforts to assist Uroplasty in the marketing of the CL Product by sharing (without cost) all of CL’s current and future marketing materials, including product photographs and graphics, I-Stop trademark logos and designs, brochures and website designs and information.
At Uroplasty’s option, CL will, at its sole cost and expense, repair, replace or accept return for credit of any CL Product Components that Uroplasty determines not to meet product specifications and this warranty.
Upon any termination, Uroplasty may dispose of all CL Products and CL Product Components in its remaining inventory in the normal course of business.
As further consideration for this Agreement, if CL develops any improvements or modifications to the CL Product or the CL Product Components during the term hereof, CL will provide such improvements or modifications to Uroplasty without additional charge for use under this Agreement as Uroplasty so determines in its discretion, subject to FDA regulatory approval.
During the term of this Agreement, CL appoints Uroplasty as CL’s exclusive distributor in the United States of the CL Product.
CL will defend, indemnify and hold Uroplasty, Uroplasty’s customers who have purchased the CL Product, and each of their respective directors, officers, employees and agents, harmless for any and all losses, claims, damages, awards, costs and expenses including reasonable attorney’s fees which arise from any claim by any third party that any of CL Intellectual Property infringes such third party’s patent, copyright or other intellectual property rights.
In the event of any such d▇▇▇▇, ▇▇ may defer the delivery date of orders for the CL Products, and Uroplasty may stop ordering CL Product, for a period equal to the time of such delay.
ON or before January 1 of each subsequent year, Uroplasty also shall confer with CL and provide what it reasonably believes is a month-by-month forecast for CL Product for the calendar year.
This license does not grant, and Uroplasty shall not have, any right or license to (a) manufacture the CL Product or component thereof for any purpose, (b) use the CL Product for any purpose other than marketing, demonstration and/or distribution to end users, (c) modify any unit of the CL Product in any manner, or (d) possess or retain any rights to CL’s intellectual property.