Common use of Challenge of Validity Clause in Contracts

Challenge of Validity. LICENSOR shall have the right to immediately terminate this license agreement in the event that LICENSEE challenges, directly or indirectly or at written urging of a third party on behalf of LICENSEE, whether as a claim, a cross-claim, counterclaim, or defense, the validity or enforceability of any of the licensed patents or Intellectual Property before any court, arbitrator, or other tribunal or administrative agency in any jurisdiction.

Appears in 4 contracts

Samples: Intellectual Property License Agreement (HDS International Corp.), Intellectual Property License Agreement (HDS International Corp.), Intellectual Property License Agreement (HDS International Corp.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.