Arising Patents definition
Examples of Arising Patents in a sentence
Arising Intellectual Property Any and all of the Arising Patents and the Arising Know-how.
Sionna shall have the first right, but not the obligation, to defend and control the defense of the validity and enforceability of the Licensed Patents and the Joint Arising Patents at its own expense in the Territory.
Subject to the license granted to Sionna under Section 2.1 and the other terms and conditions of this Agreement, each Party may exercise its ownership rights in and to such Joint Arising Know-How and Joint Arising Patents without any duty of accounting or other obligation to, or consent required from the other Party.
Notwithstanding any provision in this Agreement to the contrary, AbbVie shall have the right to transfer or assign ownership of any Licensed Know-How, Licensed Patents, or Joint Arising Patents as long as any such transfer or assignment to a Third Party is made together with an assignment of this Agreement in accordance with Section 11.2.
If ▇▇▇▇▇▇ elects not to defend or control the defense of any such Licensed Patents and Joint Arising Patents in a suit brought in the Territory, or otherwise fails to initiate and maintain the defense of any such claim, suit, or proceeding, then AbbVie may conduct and control the defense of any such claim, suit, or proceeding of such Licensed Patents and Joint Arising Patents at its own expense.
Each Party shall promptly notify the other Party in writing of any alleged or threatened assertion of invalidity or unenforceability of any of the Licensed Patents and Joint Arising Patents by a Third Party, in each case in the Territory and of which such Party becomes aware.
The Term will be automatically be extended for successive two (2)-year terms (“Renewal Term”) and remain in effect until (i) the expiration of the last-to-expire Valid Claim included in the Licensed Patents or Licensee Arising Patents, in each case, that claims the composition of matter, manufacture, use or sale of Crofelemer in any Major Market Country; and (ii) the initiation of sales of a Generic Product with respect to the Product in the Licensee Territory.
Licensee shall have the sole right to file, prosecute and maintain the Licensee Arising Patents in the Licensee Territory, at Licensee’s cost and expense.
ARISING INTELLECTUAL Any and all of the Arising Patents and the Arising PROPERTY Know-how.
Where applicable, Pieris will be responsible for remuneration of inventors who are Pieris employees in accordance with the German Act on Employee Inventions with respect to the Lead Product Patents, Collaboration Product Patents, Pieris Platform Patents, Pieris Platform Improvement Patents, Co-Invented Arising Patents, and Co-Invented AstraZeneca Background Improvement Patents.