Common use of Registration of Trade Marks Clause in Contracts

Registration of Trade Marks. Angioblast shall have the right (but not the obligation) to file, register and maintain, for the Term, at Angioblast’s expense, appropriate registrations for the Existing Xxxx in each country of the Territory, as requested by Cephalon, in which Products are or will be sold. Such registrations for the Existing Xxxx shall be obtained in Angioblast’s name, to the extent permitted by applicable Law in each country within the Territory. In the event Angioblast elects not to file, register or maintain appropriate registrations for the Existing Xxxx in a country within the Territory in which Products are or will be sold, Angioblast shall provide Cephalon with written notice of such election within such reasonable time period necessary to preserve such right to file, register or maintain such registrations for the Existing Xxxx, and Cephalon shall have the right, at its option and expense, to file, register or maintain such registrations for the Existing Xxxx in such country on behalf of Angioblast, in Angioblast’s name, to the extent permitted by applicable Law in such country.