Common use of Unfair Competition and Infringement of Rights Clause in Contracts

Unfair Competition and Infringement of Rights. The parties shall inform one another of all acts of unfair competition and all infringements of patents or similar rights which have come to their notice. Biocon agrees to bear all expenses of any possible defensive action against such acts and infringements. The Danish and Finnish Investors agree to give Biocon all information, assistance and authority to enable Biocon to ensure the necessary legal protection. All damage collected or any profits from any action referred to above shall be for the sole benefit of Biocon.

Unfair Competition and Infringement of Rights. The parties shall inform one another of all acts of unfair competition and all infringements of patents or similar rights which have come to their notice. Biocon agrees to bear all expenses of any possible defensive action against such acts and infringements. The Danish and Finnish Investors agree team agrees to give Biocon all information, assistance and authority to enable Biocon to ensure the necessary legal protection. All damage collected or any profits from any action referred to above shall be for the sole benefit of Biocon.