Common use of General Terms in RoW Pre-Negotiated Licenses Clause in Contracts

General Terms in RoW Pre-Negotiated Licenses. Each party shall --------------------------------------------- have the right to terminate the RoW CPC Pre-Negotiated License in a ZSS upon the other party's material breach of any of its obligations under such RoW CPC Pre- Negotiated License, by giving written notice and upon the breaching party's failure to timely cure such material breach, according to the principles set forth in SECTION 17.3. Each party shall have the right to assign each RoW CPC Pre-Negotiated License, in accordance with the principles set forth in SECTION 19.1, and ZGI shall have the right to assign its right to receive money under such license upon delivery of written notice to NN. Each RoW CPC Pre-Negotiated License shall be governed by the laws of the State of Washington. Each RoW CPC Pre-Negotiated License shall specify the party (or parties) responsible for protecting the Zid-Related IP included in such License, including filing, prosecuting, and maintaining Zid-Related Patents included in such License, and for defending and enforcing such Zid-Related IP. Each RoW CPC Pre-Negotiated License shall specify the party (or parties) responsible for the costs associated with such protection, filings, prosecution, maintenance, defense and enforcement. Each RoW CPC Pre- Negotiated License shall require the parties to communicate and cooperate, in good faith, regarding any and all extensions of patent term for the Zid-Related Patents included in such RoW CPC Pre-Negotiated License.

Appears in 2 contracts

Samples: Option and License Agreement (Zymogenetics Inc), Option and License Agreement (Zymogenetics Inc)

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General Terms in RoW Pre-Negotiated Licenses. Each party shall --------------------------------------------- have the right to terminate the RoW CPC PLPC Pre-Negotiated License in a ZSS upon the other party's material breach of any of its obligations under such RoW CPC Pre- PLPC Pre-Negotiated License, by giving written notice and upon the breaching party's failure to timely cure such material breach, according to to. the principles set forth in SECTION 17.3. Each party shall have the right to assign each RoW CPC PLPC Pre-Negotiated License, License in accordance with the principles set forth in SECTION 19.1, and ZGI shall have the right to assign its right to receive money under such license upon delivery of written notice to NN. NN shall have the right to assign each RoW PLPC Pre-Negotiated License upon prior written approval from ZGI. Each RoW CPC PLPC Pre-Negotiated License shall be governed by the laws of the State of Washington. Each RoW CPC PLPC Pre-Negotiated License shall specify the party (or parties) responsible for protecting the Zid-Related IP included in such License, including filing, prosecuting, and maintaining Zid-Related Patents included in such License, and for defending and enforcing such Zid-Related IP. Each RoW CPC PLPC Pre-Negotiated License shall specify the party (or parties) responsible for the costs associated with such protection, filings, prosecution, maintenance, defense and enforcement. Each RoW CPC Pre- PLPC Pre-Negotiated License shall require the parties to communicate and cooperate, in good faith, regarding any and all extensions of patent term for the Zid-Related Patents included in such RoW CPC PLPC Pre-Negotiated License.

Appears in 2 contracts

Samples: Option and License Agreement (Zymogenetics Inc), Option and License Agreement (Zymogenetics Inc)

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