Common use of Notice to Licensee Clause in Contracts

Notice to Licensee. Before payment of any IP Cost, Owner shall notify Licensee for a time period being the lesser of (i) at least sixty (60) days before the IP Cost is due or (ii) as soon as is practicable after receiving knowledge of the IP Cost. The notice will identify (i) the Application, Patent, or Trademark, (ii) the country, (iii) the reason for the IP Cost, and (iv) the Due Date for payment. Licensee shall then affirm or deny payment. Affirmation of payment must be received by Owner within fourteen (14) days of the mailing date of the notice or the Licensee shall be deemed to have denied payment. a. If Licensee affirms a payment, Licensee shall reimburse Owner for all IP Costs arising from the payment and shall then retain its license for the Application, Patent or Trademark in that country. b. If Licensee denies payment, Licensee shall have no obligation to pay IP Costs associated with the Application, Patent or Trademark in that country, but the license and all associated rights for that Application, Patent or Trademark shall revert to Owner.

Notice to Licensee. Before payment of any IP Cost, Owner shall notify Licensee for a time period being the lesser of (i) at least sixty (60) days before the IP Cost is due or (ii) as soon as is practicable after receiving knowledge of the IP Cost. The notice will identify (i) the Application, Application or Patent, or Trademark, (ii) the country, (iii) the reason for the IP Cost, and (iv) the Due Date for payment. Licensee shall then affirm or deny payment. Affirmation of payment must be received by Owner within fourteen (14) days of the mailing date of the notice or the Licensee shall be deemed to have denied payment. a. If Licensee affirms a payment, Licensee shall reimburse Owner for all IP Costs arising from the payment and shall then retain its license for the Application, Application or Patent or Trademark in that country. b. If Licensee denies payment, Licensee shall have no obligation to pay IP Costs associated with the Application, Application or Patent or Trademark in that country, but the license and all associated rights for that Application, Application or Patent or Trademark shall revert to Owner.

Notice to Licensee. Before payment of any IP Cost, Owner shall notify Licensee for a time period being the lesser of (i) at least sixty (60) days before the IP Cost is due or (ii) as soon as is practicable after receiving knowledge of the IP Cost. The notice will identify (i) the Application, Patent, or Trademark, (ii) the country, (iii) the reason for the IP Cost, and (iv) the Due Date for payment. Licensee shall then affirm or deny payment. Affirmation of payment must be received by Owner within fourteen (14) days of the mailing date of the notice or the Licensee shall be deemed to have denied payment. a. a) If Licensee affirms a payment, Licensee shall reimburse Owner for all IP Costs arising from the payment and shall then retain its license for the Application, Patent or Trademark in that country. b. b) If Licensee denies payment, Licensee License shall have no obligation to pay IP Costs associated with the Application, Patent or Trademark in that country, but the license and all associated rights for that Application, Patent or Trademark shall revert to Owner.

Notice to Licensee. Before payment of any IP Cost, Owner shall notify Licensee for a time period being the lesser of (i) at least sixty (60) days before the IP Cost is due or (ii) as soon as is practicable after receiving knowledge of the IP Cost. The notice will identify (i) the Application, Application or Patent, or Trademark, (ii) the country, (iii) the reason for the IP Cost, and (iv) the Due Date for payment. Licensee shall then affirm or deny payment. Affirmation of payment must be received by Owner within fourteen (14) days of the mailing date of the notice or the Licensee shall be deemed to have denied payment. a. a) If Licensee affirms a payment, Licensee shall reimburse Owner for all IP Costs arising from the payment and shall then retain its license for the Application, Application or Patent or Trademark in that country. b. b) If Licensee denies payment, Licensee License shall have no obligation to pay IP Costs associated with the Application, Application or Patent or Trademark in that country, but the license and all associated rights for that Application, Application or Patent or Trademark shall revert to Owner.