Common use of Notice of Actions; Settlement Clause in Contracts

Notice of Actions; Settlement. Each party shall promptly inform the other party of any action or suit relating to Patent Rights and shall not enter into any settlement, consent judgment or other voluntary final disposition of any action admitting the invalidity or enforceability of any Patent Rights without the prior written consent of the other party, not to be unreasonably withheld or delayed.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Signal Genetics, Inc.), Exclusive Patent License Agreement (Signal Genetics, Inc.)

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Notice of Actions; Settlement. Each party Party shall promptly inform the other party Party of any action or suit relating to Patent Rights and shall not enter into any settlement, consent judgment or other voluntary final disposition of any action admitting the invalidity or enforceability of any relating to Patent Rights Rights, including but not limited to appeals, without the prior written consent of the said other party, not to be unreasonably withheld or delayedParty.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Seer, Inc.), Exclusive Patent License Agreement (Seer, Inc.)

Notice of Actions; Settlement. Each party Party shall promptly inform the other party Party of any action or suit relating to Patent Rights and shall not enter into any settlement, consent judgment or other voluntary final disposition of any action admitting the invalidity or enforceability of any relating to Patent Rights Rights, including but not limited to appeals, without the prior written consent of the other party, not to be unreasonably withheld or delayedCompany.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Keros Therapeutics, Inc.), Exclusive Patent License Agreement (Keros Therapeutics, Inc.)

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Notice of Actions; Settlement. Each party The Party commencing an action as described under this Section 7 shall promptly inform the other party of any action or suit relating to Patent Rights and shall not enter into any settlement, consent judgment or other voluntary final disposition of any action admitting the invalidity or enforceability of any relating to Patent Rights Rights, including but not limited to appeals, without the prior written consent of the such other partyParty, such consent not to be unreasonably withheld withheld, conditioned or delayed.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Juniper Pharmaceuticals Inc)

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