Common use of License to Distribute Clause in Contracts

License to Distribute. The first paragraph of Section 3 shall be modified as follows: MedAmicus is hereby granted an exclusive, worldwide license under the Med-Design Patent Rights to make, use, sell, and have made the Product for the Venous Field, Arterial Field and Related Fields. If MedAmicus knows that a person is using or selling the Product or will use or sell the Product for use other than in the licensed fields, MedAmicus will not sell the Product to such person without prior written consent from Med-Design. Med-Design will retain the right to purchase the Product from MedAmicus at a mutually agreed upon price for sale to customers outside the licensed fields to which MedAmicus has been granted exclusivity as set forth above. The third paragraph of Section 3 shall be deleted in its entirety.