Common use of No Refund Clause in Contracts

No Refund. In the event that a validity or non-infringement challenge of a Licensed Patent brought by ***** is successful, ***** will have no right to recoup any royalties paid before or during the period challenge.

Appears in 27 contracts

Sources: Exclusive License Agreement, Exclusive License Agreement, Exclusive License Agreement

No Refund. In the event that a validity or non-infringement challenge of a Licensed Patent brought by ***** Company is successful, ***** Company will have no right to recoup any royalties paid before or during the period challenge.

Appears in 7 contracts

Sources: Exclusive (Equity) Agreement (Ceribell, Inc.), Exclusive (Equity) Agreement (Ceribell, Inc.), Exclusive (Equity) Agreement (Ceribell, Inc.)

No Refund. In the event that a validity or non-infringement challenge of a Licensed Patent brought by ***** Licensee is successful, ***** Licensee will have no right to recoup any royalties paid before or during the period challenge.

Appears in 2 contracts

Sources: Exclusive (Equity) Agreement, Exclusive (Equity) Agreement

No Refund. In the event that a validity or non-infringement challenge of a Licensed Patent brought by ***** LICENSEE is successful, ***** LICENSEE will have no right to recoup any royalties paid before or during the period challenge.

Appears in 1 contract

Sources: Exclusive Agreement