Common use of Consultation; Abandonment Clause in Contracts

Consultation; Abandonment. ACT will not allow any patent or patent application within the ACT Patent Rights to become expired or abandoned without giving Infigen the right to assume responsibility for such patent or patent application, and if Infigen so elects, ACT will assign such patent or patent application to Infigen, and Infigen will thereafter assume control thereof and all expenses related thereto. Infigen’s rights under this Section 7.2(b) shall be subject to the rights of the University under the UMASS license (including Article 6 thereof. Infigen shall make its election under this paragraph within 30 days from the date ACT notifies Infigen that ACT intends to allow a patent or patent application to expire. ACT shall have 30 days from the date of Infigen’s election to assign the patent or patent application to Infigen.

Consultation; Abandonment. ACT Infigen will not allow any patent or patent application within the ACT Infigen Patent Rights to become expired or abandoned without giving Infigen ACT the right to assume responsibility for such patent or patent application, and if Infigen ACT so elects, ACT Infigen will assign such patent or patent application to InfigenACT, and Infigen ACT will thereafter assume control thereof and all expenses related thereto. Infigen’s rights under this Section 7.2(b) shall be subject to the rights of the University under the UMASS license (including Article 6 thereof. Infigen ACT shall make its election under this paragraph within 30 days from the date Infigen notifies ACT notifies that Infigen that ACT intends to allow a patent or patent application to expire. ACT Infigen shall have 30 days from the date of InfigenACT’s election to assign the patent or patent application to InfigenACT.