definiens: means the license granting T AlSHO, as the sole licensee, rights in the Territory under this Agreement and excluding all other parties, including INSMED, from exercising such rights in the Territory, with the exception that INSMED, or any other party selected by INSMED, will retain ( i ) the right in the Territory, ( a ) upon notification to T AlSHO and discussion of any concerns with T AlSHO, to source, manufacture, fonnulate, package andlor label the Compound or Licensed Products for any use outside the Territory or ( b ) upon TAlSHO 's approval, to enter into a contract with a vendor to meet the TAISHO Parties ' requirement for the Compound when it so desires under Article 3.14 ., and ( ii ) the rights under the Semi - Exclusive License to T AlSHO for the People 's Republic of China ( hereinafter referred to as China ) under Article 2.2