Common use of Right to Bring Infringement Action Clause in Contracts

Right to Bring Infringement Action. Each party shall have the right, but not the obligation, at its sole option and discretion, to initiate and maintain legal action against any infringement of its Existing IP or its Future IP and/or Improvement Patents owned by that party (“Enforcing Party”). The other party to this Agreement shall have no claim or right to any recovery obtained by the Enforcing Party, whether by judgment, award, decree or settlement.