Abandoned Patents definition
Examples of Abandoned Patents in a sentence
TGTX will, to the extent reasonably practicable, provide Licensor a reasonable opportunity to review and comment on any material patent filings or correspondence with patent authorities pertaining to the Abandoned Patents, provided that all decisions with respect to Patent Prosecution of the Abandoned Patents shall be made by TGTX in its sole reasonable discretion.
If Elion decides to abandon any Elion Patent Rights, Processa shall have the option to continue to prosecute and maintain the Abandoned Patents in Elion’s name.
The Company shall, upon Onconova’s request, assign, and hereby does assign all right, title and interest in such Abandoned Patents to Ononova.
Notwithstanding anything to the contrary contained in this Agreement or any of the Ancillary Agreements, no representations are made and no warranties are given (in each case, whether express or implied) by the Seller (or any member of the Seller’s Group) in relation to the Abandoned Patents (or transfer of the same) by the Seller (or a member of the Seller’s Group) to the Purchaser (or a member of the Purchaser’s Group).
Notwithstanding anything to the contrary in Section 4.1, Licensor shall be entitled to prepare, file, prosecute and maintain any patents regarding which XTL provided notice to Licensor pursuant to Section 4.2, at Licensor's cost and expense ("Abandoned Patents").
Additionally, in the event Nalu decides to abandon any Patent within the AcceleMed Assigned Patents, AcceleMed Licensed Patents or Nalu Improvement Patents (each, a “Proposed Abandoned Patent”), Nalu shall notify AcceleMed thereof at least ninety (90) days in advance of any required action related to the Prosecution and Maintenance of such Patent and AcceleMed shall have the right, but not the obligation, to undertake Prosecution and Maintenance of such Proposed Abandoned Patent(s).
Except with respect to Assigned Abandoned Patents (as defined in the IPALA), the Assigned Registered Intellectual Property and Licensed Registered Intellectual Property are subsisting, have not been determined by any Governmental Entity to be invalid or unenforceable, and, to the Knowledge of the Seller, are not invalid or unenforceable.
If Processa decides to abandon any Ocuphire Patent Rights, Ocuphire shall have the option to continue to prosecute and maintain the Abandoned Patents in Ocuphire’s name and at Ocuphire’s sole expense.
For avoidance of doubt, Abandoned Patents owned by Licensor, but prosecuted and maintained by Licensee shall continue to be a Licensed Patent.
In the event the Company elects not to file, prosecute or maintain patent applications or patents in relation to Program Improvements hereunder (“Abandoned Patents”), it shall inform Onconova at least ** days before any relevant deadline for filing or other action, and Onconova shall then have the right to file, prosecute and maintain such Abandoned Patents.