Common use of Restrictions on Settlement Clause in Contracts

Restrictions on Settlement. Notwithstanding anything in this Agreement to the contrary, neither party may, without the advanced written consent of the other party, not to be unreasonably withheld, conditioned or delayed, settle, compromise, or otherwise enter into any form of settlement (or other similar agreement) regarding any claim of action brought under Section 10.2.1 above that either (a) admits liability on the part of the other party, (b) otherwise negatively affects the rights of the other party or imposes any liability, restrictions or obligation upon the other party, (c) requires any financial payment by the other party, (d) concedes or otherwise portions the Territory, and/or (e) grants rights or concessions to a Third Party to the Patent Rights or any Licensed Products.

Restrictions on Settlement. Notwithstanding anything in this Agreement to the contrary, neither party Party may, without the advanced written consent of the other partyParty, not to be unreasonably withheld, conditioned or delayed, settle, compromise, or otherwise enter into any form of settlement (or other similar agreement) regarding any claim of action brought under Section 10.2.1 above that either (a) admits liability on the part of the other partyParty, (b) otherwise negatively affects the rights of the other party Party or imposes any liability, restrictions or obligation upon the other partyParty, (c) requires any financial payment by the other partyParty, (d) concedes or otherwise portions the Territory, Territory and/or (e) grants rights or concessions to a Third Party third party to the Patent Rights or any Licensed Products.