Reimbursement by Licensee. Licensee shall prepay Owner for any affirmed IP Cost before payment is to be made by Owner. Owner shall have no duty to pay an IP Cost for which Owner does not receive prepayment. If Licensee does not pay Owner by the Due Date, the Application, Patent or Trademark shall revert to Owner as if Licensee had denied payment under section 3.3(b).
Appears in 2 contracts
Samples: License Agreement (Premier Biomedical Inc), Patent License Agreement (INverso Corp)
Reimbursement by Licensee. Licensee shall prepay Owner for any affirmed IP Cost before payment is to be made by Owner. Owner shall have no duty to pay an IP Cost for which Owner does not receive prepayment. If Licensee does not pay Owner by the Due Date, the Application, Application or Patent or Trademark shall revert to Owner as if Licensee had denied payment under section 3.3(b).
Appears in 2 contracts
Samples: License Agreement (Premier Biomedical Inc), Patent License Agreement (INverso Corp)
