Costs of Patent and Trademark Prosecution Sample Clauses
The "Costs of Patent and Trademark Prosecution" clause defines which party is responsible for paying the expenses associated with obtaining and maintaining patents and trademarks. Typically, this clause specifies whether the licensor, licensee, or both will cover costs such as filing fees, attorney fees, and renewal charges related to intellectual property protection. By clearly allocating financial responsibility, the clause helps prevent disputes over payment and ensures that the necessary steps to secure and uphold intellectual property rights are properly funded.
Costs of Patent and Trademark Prosecution. Subject to Section 14.2(b)(iv), all out-of-pocket costs for Patent Prosecution and Trademark Prosecution of any Patent or Trademark shall be solely incurred by and the sole responsibility of the prosecuting Party, except that (a) if MacroGenics is conducting the Patent Prosecution of the Zai Product-Specific Patents pursuant to Section 14.2(b)(iii), Zai shall be responsible for the out-of-pocket costs for Patent Prosecution of such Zai Product-Specific Patents in the Collaboration Territory, and (b) if Zai assumes the responsibility to conduct the Patent Prosecution of such Zai Product-Specific Patents pursuant to Section 14.2(b)(iii), the costs of such activities conducted by or on behalf of Zai shall be borne solely by Zai. Notwithstanding the foregoing, all such costs incurred by the Parties with respect to the [***] Program after the Opt-In shall be [***]. [***] = CERTAIN CONFIDENTIAL INFORMATION OMITTED
Costs of Patent and Trademark Prosecution. All Out-of-Pocket Costs for Patent Prosecution and Trademark Prosecution of any Patent (other than the Jointly Owned Patents) or Trademark shall be solely incurred by and the sole responsibility of the prosecuting Party. The Parties shall equally share the Out-of-Pocket Costs to prosecute Jointly Owned Patents.
Costs of Patent and Trademark Prosecution