Collaboration SBio Intellectual Property Clause Samples

Collaboration SBio Intellectual Property. SBio will have the first right, using in-house or outside legal counsel selected by SBio's sole discretion, to prepare, file, Prosecute, maintain and extend patent applications for Collaboration SBio Intellectual Property in countries of SBio's choosing, and SBio will bear all costs relating to such activities which occur at SBio's request or direction. SBio will solicit Perkin-Elmer's advice and review of SBio applications relating to Licensed Product(s) and take into consideration Perkin-Elmer's advice thereon. If SBio elects not to prepare, file, Prosecute or maintain certain of such patent applications or certain claims encompassed within such applications, in one or more countries, SBio will give Perk▇▇-▇▇▇▇▇ ▇▇▇ice thereof within a reasonable period prior to allowing such patents or claims to lapse or become abandoned or unenforceable, and Perk▇▇-▇▇▇▇▇ ▇▇▇l thereafter have the right, at its sole expense, to prepare, file, Prosecute, and maintain such applications in its own name in such one or more countries. SBio will, at SBio's expense, provide reasonable assistance to Perk▇▇-▇▇▇▇▇ ▇▇ facilitate the filing and prosecution of all such applications and will execute all documents deemed necessary or desirable therefor. Perk▇▇-▇▇▇▇▇ ▇▇▇ SBio will each hold all information it presently knows or acquires under this Section as confidential information in accordance with Section 6.