Common use of Patent and Trademark Matters Clause in Contracts

Patent and Trademark Matters. (a) The Licensee shall diligently prosecute and maintain all of the patents, trademarks and tradenames specified on Exhibits "A" and "D" hereto (collectively, the "Patents and Marks") using counsel of its choice and at its sole cost and expense. If, for any reason, the Licensee elects to abandon the prosecution, maintenance or reinstatement of any of the Patents and Marks, it will promptly notify Iomed of such election and, in any event, shall provide such notice in sufficient time to allow Iomed to comply with its obligations under Article 9 of the University License.

Appears in 4 contracts

Samples: License Agreement (Iomed Inc), License Agreement (Iomed Inc), License Agreement (Iomed Inc)

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