Common use of Joint Suit Clause in Contracts

Joint Suit. If Stanford and Eidos so agree, they may institute suit or defend the declaratory judgment action 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 4 contracts

Sources: Exclusive (Equity) Agreement, Exclusive (Equity) Agreement (BridgeBio Pharma, Inc.), Exclusive (Equity) Agreement (BridgeBio Pharma LLC)