Common use of Challenging Validity Clause in Contracts

Challenging Validity. During the term of this Agreement, Prophase and its Affiliates (“Challenging Party”) shall not challenge the validity or ownership of Licensed Patents (“Patent Challenge”) or knowingly assist a Third Party in a Patent Challenge. Global BioLife at its sole and absolute option may terminate this Agreement upon written notice to Prophase, upon the commencement by Challenging Party of a Patent Challenge.

Appears in 4 contracts

Samples: License Agreement, License Agreement (Impact Biomedical Inc.), License Agreement (Impact Biomedical Inc.)

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