Common use of Prosecution of Licensor Patents Clause in Contracts

Prosecution of Licensor Patents. Licensor shall maintain the 552 Patent and any other presently or future existing United States or foreign patents owned by Licensor and relating to the System, and shall provide Licensee proof that all maintenance fee payments have been made by Licensor prior to the imposition of penalties. In the event Licensor does not make any maintenance fee payments required by the U.S. Patent Office: (a) Licensee shall have the right to make such payments on Licensor's behalf, and (b) the amount of such payments made by Licensee shall be credited against the amount of royalty payments due to the Licensor hereunder.

Appears in 6 contracts

Samples: License Agreement (Id Technologies Corp), License Agreement (Id Technologies Corp), License Agreement (Id Technologies Corp)

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