Common use of Patent Validity Clause in Contracts

Patent Validity. 16.1 If any claim challenging the validity or enforceability of any of Patent Rights will be brought against Licensee, Licensee will promptly notify University. University, at its option, will have the right, within thirty (30) days after notification by Licensee of such action, to intervene and take over the sole defense of the claim at University’s expense. 16.2 If Licensee or third party challenges the validity or enforceability of any of Patent Rights, Licensee will not suspend any payments due University until such time as the Patent Rights are determined to be invalid or unenforceable by a final judgment of a court of competent jurisdiction from which no appeal can be or is taken.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement, Exclusive Patent License Agreement

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Patent Validity. 16.1 If any claim challenging the validity or enforceability of any of Patent Rights will be brought against Licensee, Licensee will promptly notify University. University, at its option, will have the right, within thirty (30) days after notification by Licensee of such action, to intervene and take over the sole defense of the claim at University’s 's expense. 16.2 If Licensee or third party challenges the validity or enforceability of any of Patent Rights, subject to Section 8.3 Licensee will not suspend any payments due University until such time as the Patent Rights are determined to be invalid or unenforceable by a final judgment of a court of competent jurisdiction from which no appeal can be or is taken.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Panther Biotechnology, Inc.)

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