Common use of Patent Cost Reimbursement Clause in Contracts

Patent Cost Reimbursement. Company shall reimburse Hospital for all costs associated with the preparation; filing, prosecution and maintenance of all Patent Rights (“Patent Costs”). As of the Effective Date, Hospital has incurred approximately thirteen thousand dollars ($13,000) in Patent Costs, which amount Company shall pay to Hospital within one year of the Effective Date. Company shall pay to Hospital, or at Hospital’s request directly to patent counsel, all other Patent Costs within [* * *] days of Company’s receipt of an invoice for such Patent Costs either from Hospital or Hospital’s patent counsel. Company agrees to indemnify, defend and hold Hospital harmless from and against any and all liabilities, damages, costs and expenses arising from the failure of Company to timely pay such invoices and Patent Costs. Hospital shall instruct patent counsel to provide copies to Hospital for hospital’s administrative files of all invoices detailing Patent Costs which are sent directly to Company. If Company pays any Patent Costs directly, Company shall advise patent counsel that Hospital is and shall remain patent counsel’s client.

Patent Cost Reimbursement. Company shall reimburse Hospital for all costs associated with the preparation; , filing, prosecution and maintenance of all Patent Rights (“Patent Costs”). As of the Effective Date, Hospital has incurred approximately thirteen thousand Eight Thousand Two Hundred dollars ($13,0008,200) in Patent Costs, which amount Company shall pay to Hospital within one year upon execution of the Effective Datethis Agreement. Company shall pay to Hospital, or at Hospital’s request directly to patent counsel, all other Patent Costs within [* * *] thirty (30) days of Company’s receipt of an invoice for such Patent Costs either from Hospital or Hospital’s patent counsel. Company agrees to indemnify, defend and hold Hospital harmless from and against any and all liabilities, damages, costs and expenses arising from the failure of Company to timely pay such invoices and Patent Costs. Hospital shall instruct patent counsel to provide copies to Hospital for hospitalHospital’s administrative files of all invoices detailing Patent Costs which are sent directly to Company. If Company pays any Patent Costs directly, Company shall advise patent counsel that Hospital is and shall remain patent counsel’s client.

Patent Cost Reimbursement. Company shall reimburse Hospital for all outstanding and ongoing costs associated with the preparation; , filing, prosecution and maintenance of all Patent Rights (“"Patent Costs”"). As of the Effective Date, Hospital has incurred approximately thirteen thousand dollars ($13,000) [***] in Patent Costs, which amount Company shall pay to Hospital within one year upon execution of the Effective Datethis Agreement. Company shall pay to Hospital, or at Hospital’s 's request directly to patent counsel, all other Patent Costs within [* * *] thirty (30) days of Company’s 's receipt of an invoice for such Patent Costs either from Hospital or Hospital’s 's patent counsel. Company agrees to indemnify, defend and hold Hospital harmless from and against any and all liabilities, damages, costs and expenses arising from the failure of Company to timely pay such invoices and Patent Costs. Hospital shall instruct patent counsel to provide copies to Hospital for hospital’s Hospital's administrative files of all invoices detailing Patent Costs which are sent directly to Company. If Company pays any Patent Costs directly, Company shall advise patent counsel that Hospital is and shall remain patent counsel’s 's client.