Common use of Cooperation; Award Clause in Contracts

Cooperation; Award. In the event a party brings an infringement action in accordance with this Section 4.3, the other party shall cooperate fully, including, if required to bring such action, the furnishing of a power of attorney or being named as a party. Neither party shall enter into any settlement or compromise of any action under this Section 4.3 which would in any manner alter, diminish, or be in derogation of the other party’s rights under this Agreement without the prior written consent of such other party, which shall not be unreasonably withheld. Except as otherwise agreed by the parties as part of any cost-sharing arrangement, any recovery realized by a party as a result of any action or proceeding pursuant to this Section 4.3, whether by way of settlement or otherwise, after reimbursement of any litigation expenses of the parties, shall be retained by the party that brought and controlled such action for purposes of this Agreement.

Appears in 5 contracts

Samples: Assignment and Exclusive Cross License Agreement, Assignment and Exclusive Cross License Agreement (Biocept Inc), Assignment and Exclusive Cross License Agreement (Biocept Inc)

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Cooperation; Award. In the event a party Party brings an infringement action in accordance with this Section 4.311.3, the other party Party shall cooperate fully, including, if required to bring such action, the furnishing of a power of attorney or being named as a party. Neither party Party shall enter into any settlement or compromise of any action under this Section 4.3 11.3 which would in any manner alter, diminish, or be in derogation of the other partyParty’s rights under this Agreement without the prior written consent of such other partyParty, which shall not be unreasonably withheld. Except as otherwise agreed by the parties as part of any Parties in connection with a cost-sharing arrangement, any recovery realized by a party Party as a result of any action or proceeding pursuant to this Section 4.311.3, whether by way of settlement or otherwise, after reimbursement of any litigation shall be applied first to reimburse the Parties’ documented out-of-pocket legal expenses relating to the action or proceeding, and, of the partiesremaining amount, shall be retained by the party that brought and controlled such action for purposes of this Agreement[***].

Appears in 1 contract

Samples: Exclusive License Agreement (Allogene Therapeutics, Inc.)

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