Common use of Maintain Licenses in Force Clause in Contracts

Maintain Licenses in Force. MacroPore shall comply with all of the provisions of, and shall maintain in full force and effect, all license agreements with third parties pursuant to which MacroPore is licensee of intellectual property included in the Licensed Intellectual Property. MacroPore shall promptly notify Medtronic if any such third party licensor alleges any breach by MacroPore of any such license agreement. Medtronic shall be entitled, but not obligated, to cure any alleged breach by MacroPore of such license agreement and set-off the cost of such cure against amounts otherwise owed to MacroPore hereunder.

Appears in 4 contracts

Samples: Development and Supply Agreement (Macropore Inc), Distribution Agreement (Macropore Inc), Distribution Agreement (Macropore Inc)

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