Common use of Cost of Action Clause in Contracts

Cost of Action. Unless the Parties otherwise agree, the total cost of any such action commenced by DNP, shall be borne by DNP (but excluding fees and expenses charged by separate counsel, if any, engaged by the Company). Except as the Parties may otherwise agree in writing, any damages or settlement payments resulting from any such action commenced as set forth above, whether in an out-of-court settlement or through legal adjudication of such action, and at any time, shall be retained by DNP.

Appears in 5 contracts

Samples: License Agreement (Photronics Inc), License Agreement (Photronics Inc), License Agreement (Photronics Inc)

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