Core Third Party Patents Clause Samples
The 'Core Third Party Patents' clause defines and addresses patents owned by entities other than the contracting parties that are essential to the use, manufacture, or sale of a product or technology covered by the agreement. This clause typically outlines the parties' responsibilities regarding the identification, licensing, or avoidance of such third-party patents, and may require notification if a relevant third-party patent is discovered. Its core function is to allocate risk and clarify obligations related to potential infringement of third-party intellectual property, thereby helping to prevent legal disputes and ensuring that both parties are aware of and can manage patent-related risks.
Core Third Party Patents. If either party becomes aware of any Core Third Party Patent during the term of this Agreement, or any pending patent application that would be a Core Third Party Patent if issued, such party shall promptly notify the other party and, except to the extent that such party is prohibited under a duty of confidentiality from disclosing such information, provide a reasonably detailed summary of its knowledge regarding such patent or patent application (including, by way of example and without limitation, the identity of the person that owns or controls such patent, the subject matter of the patent or application, and any available information about terms offered or asked with respect to licenses under such patents).
Core Third Party Patents. If either Party becomes aware of any Core Third Party Patent during the term of this Agreement, or any pending patent application that would be a Core Third Party Patent if issued, such Party shall [*]. If a Party obtains from a Third Party a license under any Core Third Party Patent(s), at the time that the Party obtains the license, it shall [*] to [*] to the [*] (with the [*] to the [*]). If a Party obtains a [*] any [*] it shall [*]. The other Party shall [*].
Core Third Party Patents