Define: Legacy Product
Legacy Product means any previously commercialized product that is no longer in current production, distribution, or standard support.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Legacy Product means any previously commercialized product that is no longer in current production, distribution, or standard support.
Relevant Circumstances
- When a company is selling old or phased out products.
- When a licensing agreement for an older product version is being negotiated.
- When providing a service agreement for continued support for older products.