Common use of Improper Use Clause in Contracts

Improper Use. If the Granting Party, after receiving notice from the Interested Party, also reasonably believes that the Grantee is engaging in an Improper Use, it shall take all appropriate measures to correct or terminate the Improper Use, including the giving of notice of revocation to the Grantee, if necessary. If the Granting Party (x) gives notice to the Interested Party that it does not reasonably believe that a Grantee is engaging in an Improper Use, or (y) fails to take appropriate measures to correct or terminate an Improper Use after giving notice to the Interested Party that it reasonably believes a Grantee is engaging in an Improper Use, or (z) is unable to correct or terminate an Improper Use by a Grantee within sixty (60) days of the first notice of suspected Improper Use given by either the Granting Party or the Interested Party, the Interested Party may both commence any action or proceeding at law or equity that it believes it has an appropriate and independent basis to assert against the Grantee and invoke its contractual rights against the Granting Party in the event of an Intellectual Property Dispute as defined in this Agreement.

Improper Use. If the Granting Party, after receiving notice from the Interested Party, also reasonably believes that the Grantee is engaging in an Improper Use, it shall take all appropriate measures to correct or terminate the Improper Use, including the giving of notice of revocation to the Grantee, if necessary. If the Granting Party (x) gives notice to the Interested Party that it does not reasonably believe that a Grantee is engaging in an Improper Use, or (y) fails to take appropriate measures to correct or terminate an Improper Use after giving notice to the Interested Party that it reasonably believes a Grantee is engaging in an Improper Use, or (z) is unable to correct or terminate an Improper Use by a Grantee within sixty (60) days of the first notice of suspected Improper Use given by either the Granting Party or the Interested Party, the Interested Party may both commence any action or proceeding at law or equity that take such legal measures it believes it has an deems appropriate and independent basis to assert against the Grantee and invoke its contractual rights against the Granting Party in the event of an Intellectual Property Dispute as defined in this Agreement.