Common use of Intellectual Property Prosecution and Maintenance Clause in Contracts

Intellectual Property Prosecution and Maintenance. (a) Beginning on the Effective Date, all present and future costs of preparing, filing, prosecuting, registering, defending, and maintaining all Licensed Intellectual Property shall be borne by Licensee. Licensee shall be informed in advance of any such undertakings and be given an opportunity to review them to the extent reasonably possible. Licensee shall pay all invoices for such expenses sent by Licensor or Licensor within sixty (60) days of invoice date. Licensee’s obligation for expense reimbursement shall cover all Licensed Intellectual Property, including without limitation, all Improvements.

Appears in 4 contracts

Samples: Intellectual Property License Agreement (E.i Ventures Inc.), Intellectual Property License Agreement (E.i Ventures Inc.), Intellectual Property License Agreement (E.i Ventures Inc.)

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