Common use of Patent Cost Reimbursement Clause in Contracts

Patent Cost Reimbursement. LICENSEE shall pay during the term of the Agreement reasonable out-of-pocket expenses borne by MSK for filing, prosecuting and maintaining Patent Rights through a patent counsel of MSK’s choice, reasonably acceptable to LICENSEE. LICENSEE shall reimburse MSK for all historic patent costs related to the Patent Rights within [****] upon receiving itemized historic patent costs, [****].

Patent Cost Reimbursement. LICENSEE shall pay during the term of the Agreement reasonable out-of-pocket expenses borne by MSK for filing, prosecuting and maintaining Patent Rights through a patent counsel of MSK’s choice, reasonably acceptable to LICENSEE. MSK may choose, at its sole discretion, to have said patent counsel invoice LICENSEE directly for costs incurred in the filing, prosecuting and maintaining of Patent Rights. LICENSEE shall reimburse MSK for all historic patent costs related to the Patent Rights within [****] upon receiving itemized historic patent costs, costs [****].

Patent Cost Reimbursement. LICENSEE Licensee shall pay during the term of the Agreement reasonable out-of-pocket expenses borne by MSK for filing, prosecuting and maintaining the Patent Rights through a patent counsel of MSK’s choice, reasonably acceptable to LICENSEELicensee. LICENSEE Licensee shall reimburse MSK for all historic unreimbursed patent costs related to the Additional Patent Rights within [****] upon receiving itemized historic business days of the Effective Date. For clarity, the Parties acknowledge and agree that, as of the Effective Date, the patent costs, [****]expenses set forth in Schedule 7.1 relating to the Original Patent Rights have been fully paid by Licensee.