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Corporate & Securities Law

: AdamsDrafting

?Product? and ?Units of Product?

By Ken Adams

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I was reminded today how the word product can be a nuisance when drafting, for example, a license agreement providing for a royalty based on products sold. Product can be used to refer to a product line, with its own SKU, or it can mean individual samples of a product line. I use the defined term the Product for the former meaning and refer to units of the Product for the latter. Anyone have any better idea?

Full post as published by AdamsDrafting on November 24, 2009 (boomark / email).

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