Common use of Prosecution Costs Clause in Contracts

Prosecution Costs. CSMC will prepare, file, prosecute and maintain the Patent Rights during the Option Period and Licensee shall reimburse CSMC for the costs and expenses, including reasonable attorneys’ fees, filing fees and translation fees actually incurred by CSMC (including but not limited to any costs and expenses related to foreign filings) in the prosecution of the Patent Rights (“Prosecution Costs”) during the Option Period. Licensee shall reimburse CSMC within thirty (30) days of receiving an invoice from CSMC for such Prosecution Costs. Further, the Exclusive License shall provide that Licensee will reimburse CSMC for Prosecution Costs actually incurred by CSMC in the prosecution of any Patent Rights prior to the Option Period. The Exclusive License shall provide that Licensee shall control patent prosecution and be responsible for all Prosecution Costs related to the Patent Rights following its exercise of the Option.