Prosecution and Maintenance of Reata Patents Sample Clauses

Prosecution and Maintenance of Reata Patents. Reata shall have the right, but not the obligation, through the use of internal or outside counsel reasonably acceptable to ▇▇▇▇▇▇ (which shall include Reata’s current outside counsel as of the Effective Date), to prepare, file, prosecute, and maintain the Reata Patents worldwide. Reata shall keep ▇▇▇▇▇▇ fully informed of all steps with regard to the preparation, filing, prosecution, and maintenance of Reata Patents, including by providing ▇▇▇▇▇▇ with a copy of material communications to and from any patent authority in the Territory regarding such Reata Patents, and by providing ▇▇▇▇▇▇ drafts of any material filings or responses to be made to such patent authorities in the Territory sufficiently in advance of submitting such filings or responses so as to allow for a reasonable opportunity for ▇▇▇▇▇▇ to review and comment thereon. Reata shall consider in good faith the requests and suggestions of ▇▇▇▇▇▇ with respect to such Reata drafts and with respect to strategies for filing and prosecuting the Reata Patents in the Territory. Notwithstanding the foregoing, Reata shall promptly inform ▇▇▇▇▇▇ of any adversarial patent office proceeding or sua sponte filing, including a request for, or filing or declaration of, any interference, opposition, or reexamination relating to a Reata Patent in the Territory. The Parties shall thereafter consult and cooperate to determine a course of action with respect to any such proceeding in the Territory and Reata shall consider in good faith all comments, requests and suggestions provided by ▇▇▇▇▇▇. Reata shall not initiate any such adversarial patent office proceeding relating to a Reata Patent in the Territory without first consulting ▇▇▇▇▇▇. In the event that Reata decides not to prepare, file, prosecute, or maintain a Reata Patent in a country in the Territory, Reata shall provide reasonable prior written notice to ▇▇▇▇▇▇ of such intention (which notice shall, in any event, be given no later than [***] days prior to the next deadline for any action that may be taken with respect to such Reata Patent in such country), and ▇▇▇▇▇▇ shall thereupon have the option, in its sole discretion, to assume the control and direction of the preparation, filing, prosecution, and maintenance of such Reata Patent in such country on Reata’s behalf. Upon ▇▇▇▇▇▇’▇ written acceptance of such option, ▇▇▇▇▇▇ shall assume the responsibility and control for the preparation, filing, prosecution, and maintenance of such specific Reata Patent, as we...