Common use of Settlement with a Third Party Clause in Contracts

Settlement with a Third Party. The Controlling Party that is controlling an enforcement action shall also have the right to control the settlement of such enforcement action; provided, the Controlling Party shall not admit the unenforceability or invalidity of Patents Controlled by the other Party without such other Party’s prior written consent.

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (RayzeBio, Inc.), Research Collaboration and License Agreement (RayzeBio, Inc.)

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Settlement with a Third Party. The Controlling Party that is controlling for an enforcement action Infringement Action shall also have the right to control the settlement of such enforcement actionInfringement Action; provided, however, the Controlling Party shall not admit the unenforceability or invalidity of Patents Controlled by the other Party Party, or of Patents within the Joint Technology without such other Party’s prior written consent.

Appears in 1 contract

Samples: Collaboration Agreement (VG Acquisition Corp.)

Settlement with a Third Party. The Controlling Party that is controlling an enforcement action shall also have the right to control the settlement of such enforcement action; provided, provided that the Controlling Party shall not admit the unenforceability or invalidity of Patents Controlled by the other Party or its Affiliates, or of Patents within the Joint Arising Technology, or that otherwise materially adversely affects the other Party’s interest in the ITEOS Technology or the Joint Arising Technology, in all cases, without such other Party’s prior written consent.

Appears in 1 contract

Samples: Collaboration and License Agreement (iTeos Therapeutics, Inc.)

Settlement with a Third Party. The Controlling Party that is controlling for an enforcement action with respect to any Infringement shall also have the right to control the settlement of such enforcement action; provided, provided that the Controlling Party shall not admit the 224298306 v10 unenforceability or invalidity of Patents Controlled by the other Party Party, or of Patents within the Joint Technology without such other Party’s prior written consent.

Appears in 1 contract

Samples: Definitive Collaboration Agreement (Vir Biotechnology, Inc.)

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Settlement with a Third Party. The Controlling Party that is controlling an enforcement action shall also have the right to control the settlement of such enforcement action; provided, provided that the Controlling Party shall not admit settle such enforcement action in any way that imposes a monetary obligation upon the other Party or its Affiliates, or in any way that narrows the scope of, or admits the unenforceability or invalidity of Patents Controlled by the other Party or its Affiliates, or of Patents within the Joint Arising Technology, in all cases without such other Party’s prior written consent.

Appears in 1 contract

Samples: Collaboration, Option and License Agreement (IDEAYA Biosciences, Inc.)

Settlement with a Third Party. The Controlling Party that is controlling for an enforcement action with respect to any Infringement shall also have the right to control the settlement of such enforcement action; provided, provided that the Controlling Party shall not admit the unenforceability or invalidity of Patents Controlled by the other Party Party, or of Patents within the Joint Technology without such other Party’s prior written consent.

Appears in 1 contract

Samples: Collaboration Agreement (Vir Biotechnology, Inc.)

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