An exclusivity clause grants exclusive distribution rights, exclusive licenses and other exclusive rights. It can also be an obligation to purchase all of a party’s requirements for a product or service from the other party and prohibitions against selling products or services to competitors.
Read Article arrow_forwardAn enforcement clause establishes a licensor and licensee’s respective rights and obligations relating to legal action against third parties for infringing licensed IP.
A dispute resolution clause is a contractual provision that establishes how parties will handle disputes related to their agreement.
A data transfer clause is a contractual provision that establishes rules regarding the transferability of any data that one party shares with another.
A breach response clause establishes a party’s obligations in the event of a data breach, including obligations to investigate the breach and provide support.
A breach notification clause is a contractual provision that establishes one party’s obligation to notify another in the event of a data breach.
An automatic renewal clause is a contractual provision that automatically extends the term for a specified period of time.
An assignment clause regulates the extent to which a party’s interest in a contract may be assigned to another party; anti-assignment clauses are common because without them, generally, contracts are freely assignable.
An arbitration clause is a contractual provision that establishes arbitration as a mechanism for resolving contract-related disputes.
An amendment clause is a contractual provision that establishes rules for changing an agreement’s terms.