Common use of Intellectual Property Maintenance Clause in Contracts

Intellectual Property Maintenance. Following the Closing, NeoSan will have the sole right to file, prosecute and maintain, at its sole cost and expense, (i) the Product Intellectual Property and (ii) any patent applications or Patents that cover a NeoSan New Product(s) developed by NeoSan or its Affiliates. Lilly will be responsible for and promptly pay when due all fees necessary to and will otherwise maintain the Licensed Trademark and Trade Dress (other than the Common Law Licensed Trade Dress).