Extension of Licensed Patents. COMPANY may request that EMORY have the normal term of any Licensed Patents extended or restored under a country's procedure of extending patent term for time lost in government regulatory approval processes, and the expense of the same shall be borne in accordance with the terms of Section 3.8. COMPANY shall assist EMORY to take whatever action is necessary to obtain such extension. In the case of such extension, royalties pursuant to Article 3 hereof shall be payable until the end of the extended term of the Licensed Patent. In the event that COMPANY does not elect to extend Licensed Patents, EMORY may, at its own expense, affect the extension of such Licensed Patents. If EMORY elects to pay such expenses, such extended Licensed Patents shall not be subject to any license granted to COMPANY hereunder subsequent to the non-extended expiration date of such Licensed Patents.
Appears in 2 contracts
Samples: License Agreement (Inhibikase Therapeutics, Inc.), License Agreement (Inhibikase Therapeutics, Inc.)
Extension of Licensed Patents. COMPANY LICENSEE may request that EMORY have the normal term of any Licensed Patents Patent extended or restored under a country's ’s procedure of extending patent term life for time lost in government regulatory approval processes, and the expense of the same shall be borne in accordance with the terms of Section 3.8Article 4.5. COMPANY LICENSEE shall assist EMORY to take whatever action is necessary to obtain such extension. In the case of such extension, royalties pursuant to Article 3 4 hereof shall be payable until the end of the extended term life of the Licensed Patentpatent. In the event that COMPANY LICENSEE does not elect to extend Licensed PatentsPatent(s), EMORY may, at its own expense, affect effect the extension of such Licensed Patents. If Patent(s) and if in such case EMORY elects to pay such expenses, such extended Licensed Patents shall not be subject to any license granted to COMPANY hereunder subsequent to the non-extended expiration date of such Licensed PatentsLICENSEE hereunder.
Appears in 2 contracts
Samples: License Agreement (Pharmasset Inc), License Agreement (Pharmasset Inc)
Extension of Licensed Patents. COMPANY LICENSEE may request that EMORY PRF have the normal term of any Licensed Patents Patent extended or restored under a country's ’s procedure of extending patent term life for time lost in government regulatory approval processes, and the expense of the same shall be borne in accordance with the terms of Section 3.8by LICENSEE. COMPANY LICENSEE shall assist EMORY PRF to take whatever action is necessary to obtain such extension. In the case of such extension, royalties pursuant to Article 3 4 hereof shall be payable until the end of the extended term life of the Licensed Patentpatent. In the event that COMPANY LICENSEE does not elect to extend Licensed PatentsPatent(s), EMORY PRF may, at its own expense, affect effect the extension of such Licensed PatentsPatent(s). If EMORY PRF elects to pay such expenses, such extended Licensed Patents Patent(s) shall not be subject to any license granted to COMPANY hereunder subsequent to the non-extended expiration date of such Licensed Patents.LICENSEE
Appears in 1 contract
Samples: Merger Agreement (Mascoma Corp)