Defined Territory definition
Examples of Defined Territory in a sentence
Within the MGC Defined Territory, Group Brands shall have a perpetual, fully paid-up and royalty-free license (subject to this Section 5.2) in and to the MGC Licensed Intellectual Property to make, have made, use, sell, offer for sale, supply or have supplied, import or have imported, export or have exported any products or services, or practice any methods and make improvements thereon subject to the terms and conditions of this Agreement.
At the conclusion of this two (2) year period, either party may use the Licensed Patents in a Key Overlap Business in the other party’s otherwise Defined Territory via Direct Entry.
At the conclusion of this two (2) year period, or in the event exclusivity lapses beforehand under the terms and conditions of this Agreement, Group Brands (and its and their Affiliates and Subsidiaries) may use the LCRB Licensed Intellectual Property in any country within the LCRB Defined Territory via Direct Entry.
Notwithstanding a party’s right to sublicense under this ARTICLE IV, neither party may disclose the Restricted Technologies to any third party, in any geography, including Suppliers or Co-Manufacturers within one’s own Defined Territory, without the written permission of the other party, which cannot be unreasonably withheld, delayed or denied so long as appropriate confidentiality measures and Black Box procedures are in place given the nature and sensitivity of the information.
Royalty Rate shall be Three Percent (3%) and Advertising Royalty Rate is Four Percent (4%) of Wholesale Sales of LICENSEE's products including purchases of LICENSEE's products by ▇▇▇▇▇▇▇ HILLS POLO CLUB Retail Stores located within the LICENSEE's Defined Territory for the period of July 1, 2000 through December 31, 2000.
Subject to Section 5.2(e), neither Global Brands (nor its Affiliates or Subsidiaries) may use the MGC Licensed Intellectual Property within the MGC Defined Territory via a Co-Manufacturer or Supplier until the third (3rd) anniversary of the Distribution Date.
At the conclusion of this two (2) year period, either party may use the Licensed Trade Secrets and Know-How in a Key Overlap Business in the other party’s otherwise Defined Territory solely via Direct Entry.
At the conclusion of this two (2) year period, or in the event exclusivity lapses beforehand under the terms and conditions of this Agreement, Global Brands (and its and their Affiliates and Subsidiaries) may use the MGC Licensed Intellectual Property within the MGC Defined Territory via Direct Entry.
Within the LCRB Defined Territory Global Brands shall have a perpetual, fully paid-up and royalty-free license (subject to this Section 5.1) in and to the LCRB Licensed Intellectual Property to make, have made, use, sell, offer for sale, supply or have supplied, import or have imported, export or have exported any products or services, or practice any methods and make improvements thereon subject to the terms and conditions of this Agreement.
Group Brands’ license to the MGC Licensed Intellectual Property shall be exclusive within the MGC Defined Territory for a two (2) year period following the Distribution Date, subject to the terms and conditions of this Agreement.