Common use of Functions and Authority Clause in Contracts

Functions and Authority. The Joint Patent Committee will be responsible for only the following: i. Coordinating with the Parties in accordance with Section 8.3.3 to reasonably avoid creating potential issues in prosecution of the patent applications claiming each Party’s respective Patent Rights; ii. Subject to Section 8.3.1, discussing patent prosecution strategy relating to prosecution of Patent Rights under this Article VIII other than the Takeda Background Patent Rights, Target Program Patent Rights and Other Program Patent Rights solely owned by Takeda, and status updates with respect to such Patent Rights; and iii. Such other matters as the Parties may mutually agree in writing.

Appears in 2 contracts

Samples: Multi Target Collaboration and License Agreement (Molecular Templates, Inc.), Multi Target Collaboration and License Agreement (Molecular Templates, Inc.)

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Functions and Authority. The Joint Patent Committee will be responsible for only the following: i. Coordinating with the Parties in accordance with Section 8.3.3 8.3.5 to reasonably avoid creating potential issues in prosecution of the patent applications claiming each Party’s respective Patent Rights; ii. Subject to this Section 8.3.18.3, discussing patent prosecution strategy relating to prosecution of Patent Rights under this Article VIII other than in the Takeda Joint Background IP, MTEM Background Patent Rights, Target MTEM Program Patent Rights, Product Program Patent Rights and Other Program Patent Rights (other than those solely owned by Takeda) under this Article VIII, and status updates with respect to such Patent Rights; and iii. Such other matters as the Parties may mutually agree in writing.

Appears in 1 contract

Samples: Development Collaboration and Exclusive License Agreement (Molecular Templates, Inc.)

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Functions and Authority. The Joint Patent Committee will be responsible for only the following: i. (a) Coordinating with the Parties in accordance with Section 8.3.3 11.3.4 to reasonably avoid creating potential issues in prosecution of the patent applications claiming covering each Party’s other respective Patent Rights; ii. Subject to Section 8.3.1, discussing patent prosecution strategy relating to prosecution of Patent Rights under this Article VIII other than the Takeda Background Patent Rights, Target Program Patent Rights and Other Program Patent Rights solely owned by Takeda, and status updates with respect to such Patent Rights; and iii. (b) Such other matters as the Parties may mutually agree in writingwriting or that are expressly delegated to the JPC in this Agreement.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Mersana Therapeutics, Inc.)

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