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 or Patent 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), 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, Patent or Patent 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), License Agreement (INverso Corp)
