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.

Appears in 3 contracts

Samples: For Discussion Purposes Only, For Discussion Purposes Only, For Discussion Purposes Only

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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.

Appears in 1 contract

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

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