Common use of Joint Suit Clause in Contracts

Joint Suit. If Stanford and either or both Licensees are jointly prosecuting an action against a third party infringer, they will share the out-of-pocket costs and any recovery or settlement equally; and agree how they will exercise control over the action.

Appears in 4 contracts

Samples: License and Collaboration Agreement (Regulus Therapeutics Inc.), License and Collaboration Agreement (Regulus Therapeutics Inc.), License and Collaboration Agreement (Isis Pharmaceuticals Inc)

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Joint Suit. If Stanford and either or both Licensees are jointly prosecuting an action against a third party infringer, they will share will: (A) Prosecute the suit in both/all of their-names; (B) Share the out-of-pocket costs and equally; (C) Share any recovery or settlement equally; and agree and (D) Agree how they will exercise control over the action.

Appears in 2 contracts

Samples: Co Exclusive License Agreement, Co Exclusive License Agreement (Regulus Therapeutics Inc.)

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