definiens: means ( i ) any right granted, lice nse given or agreement entered into formally or de facto by COMPANY or AFFILIATES to or with another p erson or entity, under or with respect to the right s granted to COMPANY and AFFILIATES under Section 2.1 of this Agreement or otherwise permitting the development, manufacture, marketing, distribution, use and/or sale of LICENSED PRODUCTS and/or LICENSED PROCESSES ; ( ii ) any option or other right granted by COMPANY to any other person or entity to negotiate for or receive any of the rights describe d under clause ( i ) ; or ( iii ) any standstill or simi lar obligation undertaken by COMPANY or AFFILIATES toward another person or ENTITY not to grant any of the rights described in clause ( i ) or ( ii ) to any third party, in each case regardless of whether such grant of r ights, license given or agreement entered into is referred to or i s described as a sublicense