Examples of Exclusive Market in a sentence
During the Term, and with respect to the Exclusive Market, Company shall manufacture the Developed Products exclusively for, and shall sell the Developed Products exclusively to, VeriChip and any VeriChip resellers or other nominees within VeriChip’s control (the “VeriChip Group”), and the Company shall use its best efforts to supply, at the time(s) required, all of the requirements of VeriChip and the VeriChip Group for the Developed Products with respect to the Exclusive Market.
During the Term, Company shall not sell any Developed Product, New Product or any product whose principal use is for secure identification applications (either individually or otherwise) to any party other than a member of the VeriChip Group if the Company knows or should know that such party intends to use, market or otherwise sell or provide such products in the Exclusive Market.
Company shall set up and operate a computer database to provide data collection, storage, manipulation for a complete identification and retrieval service to the Exclusive Market.
During the Term, and with respect to the Exclusive Market, VeriChip shall purchase from Company and cause members of the VeriChip Group and any other resellers to purchase from the Company all of their respective requirements for the Developed Products with respect to the Exclusive Market.
Each Party shall notify the other Party if such Party learns of (i) any person or entity other than a member of the VeriChip Group marketing the Developed Products in the Exclusive Market or (ii) any party who is or may be infringing upon any of the Intellectual Property.