Separate Application of Either Party. If a Party is not interested in applying for Intellectual Property Rights, it shall give the other Party sufficient time to apply for and obtain such Intellectual Property Rights at any place the Applying Party contemplates making a filing related to its Intellectual Property Rights. Upon receipt of such notice, the Applying Party shall have the right, at its own cost, to assume the prosecution and maintenance with respect to such Intellectual Property Right, as applicable, and the Non-Applying Party shall assign all of its right, title and interest in and to such Intellectual Property Right, or claim thereof, as applicable, to the Applying Party. The Applying Party shall bear all costs and obligations for any separate applications that it may elect to make pursuant to this Item B.5.5.
Appears in 4 contracts
Samples: Alliance Agreement (Myriant Corp), Global Alliance Agreement (Myriant Corp), Global Alliance Agreement (Myriant Corp)
