Parallel Import definition
Examples of Parallel Import in a sentence
Licensee may designate by written notice (each a “Priority Matter Notice”) any Infringement or Parallel Import as a matter for which abatement is important to Licensee (each such Infringement or Parallel Import, a “Priority Matter”), and Licensor shall reasonably consider such Priority Matter.
The Controlling Party with respect to an Infringement or Parallel Import shall have the sole and exclusive right to initiate (as applicable) and control such action, including selecting counsel for any such action, in each case at its sole cost and expense; provided, that, where Licensee is the Non-Controlling Party, Licensee has the option to pay for fifty percent (50%) of all costs and expenses connected with the action.
The party taking action with respect to an Infringement or Parallel Import (as set forth in Section 10.D), or defending against a Third-Party Challenge (as set forth in Section 10.E), shall be deemed to be the “Controlling Party” with respect thereto and the other party shall be deemed to be the “Non-Controlling Party” with respect thereto.
In any and all cases, whether Licensor is the Controlling Party or the Non-Controlling Party, the parties agree that no settlement with respect to any Infringement, Parallel Import, or Third-Party Challenge may be entered into without the prior written consent of Licensor, not to be unreasonably withheld.
In all cases, the Controlling Party shall take all reasonable actions to ▇▇▇▇▇ any Infringement or Parallel Import, or to defend against any Third-Party Challenge and to establish the ownership, validity, enforceability, registrability, strength, distinctiveness, or famousness, as applicable, of the applicable Trademark in the Licensed Property.
Review of Parallel Import Restrictions on Books – this reform is complete.
But the Prohibition of Parallel Import does not apply to the sales within the European Union ("EU"), where the sale of Products from one EU country to another does not require the consent of ▇▇▇▇▇ Solar.
Upon receipt of such notice and invoice, Licensee shall (i) pay the amount invoiced within thirty (30) days after receipt of such invoice; and (ii) take all necessary action to reduce the volume of Parallel Import to less than five percent (5%) within one hundred eighty (180) days after recipe of such notice.
If Licensee fails to make such payment or reduce the volume of Parallel Import within the applicable time period, then such failure shall be deemed an uncured material breach of this Agreement by Licensee, and Licensor may terminate this Agreement as a whole immediately upon written notice to Licensee under Article 13.2.
Binhai Car City is a company established in the PRC and is one of the largest platform companies engaged in the Parallel Import of cars in the China (Tianjin) Pilot Free Zone.