Marked Materials definition
Examples of Marked Materials in a sentence
The Purchaser shall grant an irrevocable, license to the Seller, exclusive within North America and any additional territory of exclusivity under the Partner Contract, to use the Seller’s Marks on stationery, equipment, web, invoices, receipts, forms, packaging, advertising and promotional materials, products, software or like materials (the "Marked Materials") after Closing, in relation to the sales and marketing of the existing IP Gear, Ltd.
At the end of the Phase-out Period, the Company shall have re-labelled, destroyed or exhausted all Marked Materials.
In addition, the Purchaser shall grant an irrevocable, nonexclusive license to the Seller, effective until such time as the Purchaser shall have paid to the Seller all of the Minimum Earn Out payment, to use the Seller’s Marks on the Marked Materials in relation to the Seller’s sales and marketing of telecommunications and networking equipment and services, without restriction based on territory or product.
OEM acknowledges that if the Marked Materials distributed by OEM were of inferior quality in design, material or workmanship, the substantial good will which Tioga has established and now possesses through the Tioga Marks would be impaired.
If Company disapproves of any sample of the Marked Materials, Company shall provide Precision with the specific reasons for such disapproval.