Examples of Discovery Patent Rights in a sentence
Notwithstanding the License, Penn retains the right under Penn Patent Rights, Discovery Patent Rights and DRG Patent Rights to: (a) conduct educational, research, clinical activities and patient care activities itself, including, but not limited to sponsored research, and (b) authorize non-commercial Third Parties to conduct educational, research and clinical activities and patient care activities; [*].
Discovery Patent Rights and DRG Patent Rights will be held in the name of Penn and obtained with counsel selected by Penn and reasonably acceptable to Licensee (“Patent Counsel”).
Penn represents that it has provided such available information as Licensee has requested relating to such Penn Patent Rights, Discovery Patent Rights and DRG Patent Rights and any additional available information that Penn knows to be material to the diligence conducted by Licensee.
For the purposes of this Agreement, “maintenance” of the Penn Patent Rights, Discovery Patent Rights and DRG Patent Rights includes [*], provided Penn’s participation in such proceedings is undertaken in good-faith consultation with Licensee.
Notwithstanding the foregoing, the restriction and Licensing Exclusivity Period set forth in Section 2.7 shall not apply to a Next Generation Indication Program that is not included in the License as a result of the application of Section 2.5.1(a)(ii), and Xxxxx shall be free to license to a Third Party the Discovery Patent Rights for such Next Generation Indication Program [*].
Penn will provide Licensee with advance copies of filings of the Penn Patent Rights, Discovery Patent Rights and will consider in good faith reasonable comments and suggestions by Licensee, and [*] (collectively, the “Product Specific Patent Rights”), Penn will incorporate any reasonable comments or suggestions by Licensee with respect to same.
Penn shall control all actions and decisions with respect to the filing, prosecution and maintenance of Penn Patent Rights, Discovery Patent Rights and DRG Patent Rights.
Upon payment in full of the amounts set forth in Section 4.1.3, the Parties acknowledge and agree that any funding or other amounts associated with the Discovery Program due or payable by Licensee to Penn in connection with the Discovery Program have been paid, and that Licensee is under no further funding or payment obligations with respect to the Discovery Program, except for Patent Costs for Discovery Patent Rights.