Common use of Recovery and Settlement Clause in Contracts

Recovery and Settlement. If Licensor undertakes the enforcement, (a) any recovery, damages, or settlement derived from that suit, action, or other proceeding will be retained in its entirety by Licensor and (b) Licensor may settle any such suit, action, or other proceeding, whether by consent order, settlement, or other voluntary final disposition, without the advance written approval of Licensee, to the extent such settlement does not harm Licensee’s any use of Licensed IP granted hereunder.

Appears in 4 contracts

Samples: License Agreement (Wikisoft Corp.), Ip License Agreement (Via Optronics AG), Ip License Agreement (Via Optronics AG)

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