Payment to a third party Sample Clauses

Payment to a third party. If the parties have exhausted all avenues to defend any third party infringement claim or challenge to the validity of the Registrations or the Registration Applications, the result being that the Licensee must pay a third party royalties, damages or an account of profits in connection with any part of the Licensed IPR, the parties will negotiate in good faith and seek to agree a reasonable reduction to the Fees to reflect any reduction in value to the Licensee of the Licensed IPR.