MGC Defined Territory definition
Examples of MGC 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.
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, 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.
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.
Subject to Section 5.2(e), neither Intercontinental (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 Separation.
At the conclusion of this two (2) year period, or in the event exclusivity lapses beforehand under the terms and conditions of this Agreement, Intercontinental (and its and their Affiliates and Subsidiaries) may use the MGC Licensed Intellectual Property within the MGC Defined Territory via Direct Entry.
Group Brands’ license to the MGC Licensed Intellectual Property shall be exclusive within the MGC Defined Territory for a two (2) year period following Separation, subject to the terms and conditions of this Agreement.