Technology Product definition
Examples of Technology Product in a sentence
If UC agrees to accept a New Technology Product following evaluation, UC and Supplier shall negotiate final pricing and product conversion (if required) based on the contract pricing of the nearest comparable product(s) available to UC for purchase under the Agreement for which pricing has been mutually agreed upon at the time of release.
This means the Technology Product Development Agreement between Immersion and Logitech dated the same date as this Agreement.
Upon the termination or expiration of this Agreement, VCS shall, at CLIENT’s expense, promptly return to CLIENT all Information Technology, Product samples, promotional and training materials, and any other documents, materials or written information relating to any Product.
Allergan shall promptly notify ASTI of the first commercial sale of an ASTI Product, Developed Technology Product or Pre-Selection Product in any country.
Only one payment under this Section 7.4 shall be payable by Allergan to ASTI with respect to Net Sales of each Developed Technology Product in any country, regardless of the number of patents covering such Developed Technology Product in such country.
Vendor shall also negotiate in good faith to amend Exhibit A to equitably reduce the pricing for any current Products affected by the release of the New Technology Product.
Subject to Section 7.5, payments with respect to sales of a Developed Technology Product in any country shall be made by Allergan until the expiration of the last to expire of the patent or patents covering such Developed Technology Product in any country.
If a New Technology Product within a Product category covered by this Agreement becomes available from any supplier including Vendor, HealthTrust may evaluate and contract with such supplier to make the New Technology Product available to Participants without constituting a breach of this Agreement.
If Vendor offers any new product, including a New Technology Product, to Facilities for purchase prior to completing (i) — (iv) above, Vendor agrees that Facilities will pay the price specified on Exhibit A for the most comparable Product on this Agreement.
Vendor shall notify Division of any New Technology Product at least thirty (30) days prior to such New Technology Product being made available for purchase through commercial/public release, but subsequent to FDA approval (if applicable).