Takeda Product Trademarks Sample Clauses

Takeda Product Trademarks. (i) In the case where the Product contains vonoprazan fumarate as the sole active ingredient, Licensee may, in its sole discretion, elect to use a Takeda Product Trademark with respect to the Exploitation of such Product in the Field in the Territory, it may do so under the license grant set forth in Section 4.1. Takeda shall be responsible, at its sole cost and expense, for the registration, prosecution and maintenance of all Takeda Product Trademarks.

Takeda Product Trademarks. If as of the effective date of termination of this Agreement in its entirety or for a Terminated Region, as the case may be, (A) Takeda or any of its Affiliates owns any Product Trademarks that are used exclusively for the Licensed Products in the Territory or such Terminated Region and (B) such Product Trademarks have been approved by the Regulatory Authority, as applicable, in any country of the Territory or in such Terminated Region for use with the Licensed Products (such trademarks, the “Reversion Trademarks”), then, at Protagonist’s written request, promptly following the effective date of such termination, Takeda, on behalf of itself and its Affiliates, will transfer and assign to Protagonist all of Takeda’s and its Affiliates’ rights, title and interest in and to such Reversion Trademarks for, as applicable, each applicable country of the Territory or for the Terminated Region, pursuant to an agreement that the Parties will negotiate and enter into after such effective date of termination, which agreement will contain, to the extent applicable, indemnification obligations customary of such agreements applying to Protagonist’s use of such transferred Reversion Trademark(s) following such assignment.