Common use of PATENT APPLICATIONS AND LITIGATION Clause in Contracts

PATENT APPLICATIONS AND LITIGATION. (a) Assignor shall have the duty diligently to prosecute any patent application relating to any of the Patents specifically identified in Schedule A ---------- annexed hereto that is pending as of the date of this Agreement, to make application on any existing or future unpatented but patentable invention that is material to Assignor's business, and to do any and all acts which are necessary or desirable to preserve and maintain all rights in all material Patents. Any expenses incurred in connection therewith shall be borne solely by Assignor. Assignor shall not abandon any right to file a patent application or any pending patent application or any material Patent without the prior written consent of Assignee.

Appears in 2 contracts

Samples: Subsidiary Patent Collateral Assignment and Security Agreement (Diamond Brands Operating Corp), Subsidiary Patent Collateral Assignment and Security Agreement (Diamond Brands Operating Corp)

AutoNDA by SimpleDocs

PATENT APPLICATIONS AND LITIGATION. (a) Assignor shall have the duty diligently to prosecute any patent application relating to any of the Patents specifically identified in Schedule A ---------- annexed hereto that is pending as of the date of this Agreement, to make application on any existing or future unpatented but patentable invention that is material to Assignor's business, and to do any and all acts which are necessary or desirable to preserve and maintain all rights in all material Patents. Any expenses incurred in connection therewith shall be borne solely by Assignor. Assignor shall not abandon any right to file a patent application or any pending patent application or any material Patent without the prior written consent of Assignee.

Appears in 1 contract

Samples: Security Agreement (Diamond Brands Operating Corp)

AutoNDA by SimpleDocs

PATENT APPLICATIONS AND LITIGATION. (a) Assignor shall have the duty diligently diligently, through counsel reasonably acceptable to Collateral Agent, to prosecute any patent application relating to any of the Patents specifically identified in Schedule A ---------- annexed hereto that is pending as of the date of this Agreement, to make application on any existing or future unpatented but patentable invention that is material to Assignor's businessinvention, and to do any and all acts which are necessary or desirable to preserve and maintain all rights in all material Patents. Any expenses incurred in connection therewith shall be borne solely by Assignor. Assignor shall not abandon any right to file a patent application or any pending patent application or any material Patent without the prior written consent of AssigneeCollateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Dictaphone Corp /De)

Time is Money Join Law Insider Premium to draft better contracts faster.