Common use of Joint Suit Clause in Contracts

Joint Suit. If Stanford and Fate so agree, they may institute suit jointly. If so, they will: (A) prosecute the suit in both their names; (B) bear the out-of-pocket costs equally; (C) share any recovery or settlement equally; and (D) agree how they will exercise control over the action.

Appears in 2 contracts

Samples: Exclusive License Agreement (Fate Therapeutics Inc), Exclusive License Agreement (Fate Therapeutics Inc)

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Joint Suit. If Stanford and Fate Licensee so agree, they may institute suit jointly. If so, they will: (A) prosecute the suit in both their names; (B) bear the out-of-pocket costs equally; (C) share any recovery or settlement equally; and (D) agree how they will exercise control over the action.

Appears in 2 contracts

Samples: Exclusive (Equity) Agreement, Exclusive (Equity) Agreement

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Joint Suit. If Stanford and Fate Annexon so agree, they may institute suit jointly. If so, they will: (A) prosecute the suit in both their names; (B) bear the out-of-pocket costs equallyequally or as otherwise agreed; (C) share any recovery or settlement equallyequally or as otherwise agreed; and (D) agree how they will exercise control over the action.

Appears in 2 contracts

Samples: Exclusive Agreement (Annexon, Inc.), Exclusive Agreement (Annexon, Inc.)

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