Purchased Property

Purchased Property. A 75% undivided interest in all registrations, and applications for registration, of each of the Trademarks in the Territory with regard to any products whatsoever, subject to the provisions of Sections 6 and 7 hereof and the exclusive right of Purchaser, vis-a-vis Seller, to register or apply for registration of either of the Trademarks in any other jurisdiction in the Territory with respect to any such products.