Common use of Status; Settlement Clause in Contracts

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization or distribution of Products or settlement thereof; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 4 contracts

Samples: Exclusive License and Collaboration Agreement (Hutchison China MediTech LTD), Exclusive License and Collaboration Agreement (Hutchison China MediTech LTD), Exclusive License and Collaboration Agreement (Hutchison China MediTech LTD)

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Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party in the Territory concerning a Party’s Manufacturemanufacture, production, use, Developmentdevelopment, Commercialization sale or distribution of Products or settlement thereofany technology or intellectual property licensed by a Party under this Agreement; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(cSection 15.6(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 3 contracts

Samples: Collaboration Agreement (Macrogenics Inc), Collaboration Agreement (Macrogenics Inc), Collaboration Agreement (Macrogenics Inc)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization or distribution of Products the Covered Product or settlement thereof; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 2 contracts

Samples: Exclusive License Agreement (Terns Pharmaceuticals, Inc.), Exclusive License Agreement (Terns Pharmaceuticals, Inc.)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation initiated by a Third Party concerning a Party’s Manufacturemanufacture, production, use, Developmentdevelopment, Commercialization sale or distribution of Licensed Products or settlement thereof; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(c14.7(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 2 contracts

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

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization or distribution of Products or settlement thereofas contemplated under Section 15.5(c) (Right to Defend); provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(cSection 15.5(d) (Status; Settlement) that affects the other Party’s rights or interests may be undertaken by a Party without the consent of the other Party Party, which consent shall not be unreasonably withheld withheld, conditioned or delayed.

Appears in 1 contract

Samples: License Agreement (Compugen LTD)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation initiated by a Third Party concerning a Party’s Manufacturemanufacture, production, use, Developmentdevelopment, Commercialization sale or distribution of Licensed Products or settlement thereof; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(c13.7(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Exclusive License and Collaboration Agreement (Transition Therapeutics Inc.)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization or distribution of Products or settlement thereofas contemplated under Section 16.5(c) (Right to Defend); provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(cSection 16.5(d) (Status; Settlement) that affects the other Party’s rights or interests may be undertaken by a Party without the consent of the other Party Party, which consent shall not be unreasonably withheld withheld, conditioned or delayed.

Appears in 1 contract

Samples: Collaboration and License Agreement (Macrogenics Inc)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, the Development or Commercialization of the Product or distribution of Products or settlement thereofthe Licensed Technology; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(csubsection 11.5(c) may be undertaken unde1taken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Exclusive License Agreement (Edesa Biotech, Inc.)

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Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, the Development or Commercialization of the Product or distribution of Products or settlement thereofthe Licensed Technology; provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(csubsection ‎11.5(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Exclusive License Agreement (Edesa Biotech, Inc.)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization as contemplated under Section 13.6(a) or distribution of Products or settlement thereofSection 13.6(b); provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(cSection 13.6(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld withheld, conditioned or delayed.

Appears in 1 contract

Samples: Collaboration Agreement (Zai Lab LTD)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization as contemplated under Section 14.4(a) or distribution of Products or settlement thereofSection 14.4(b); provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(cSection 14.4(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld withheld, conditioned or delayed.. [***] = CERTAIN CONFIDENTIAL INFORMATION OMITTED

Appears in 1 contract

Samples: Collaboration and License Agreement (Zai Lab LTD)

Status; Settlement. The Parties shall keep each other informed of the status of and of their respective activities regarding any infringement litigation or settlement thereof initiated by a Third Party concerning a Party’s Manufacture, production, use, Development, Commercialization as contemplated under Section 14.4(a) or distribution of Products or settlement thereofSection 14.4(b); provided, however, that no settlement or consent judgment or other voluntary final disposition of a suit under this Article 12.7(cSection 14.4(c) may be undertaken by a Party without the consent of the other Party which consent shall not be unreasonably withheld withheld, conditioned or delayed.

Appears in 1 contract

Samples: Collaboration and License Agreement (Macrogenics Inc)

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