Foreign Counterparts definition
Examples of Foreign Counterparts in a sentence
This Agreement shall not be invalidated by any future determination that any or all of the Licensed US Patent Rights and/or Licensed Foreign Counterparts have expired or been invalidated.
If ▇▇▇▇ initiates an action under this subsection (d), Licensor shall have no further right to initiate an action under Section 6.1(c) with respect to such Third Party Infringement and, during the period in which ▇▇▇▇ maintains such action under this subsection (d), Licensor shall not enter into a license of the Licensed Foreign Counterparts to such alleged infringer.
Licensor has no obligation to ▇▇▇▇ to prosecute or maintain the Licensed Foreign Counterparts, but shall, in a timely manner, keep ▇▇▇▇ apprised of what Licensor is doing (and not doing) in regard to prosecuting and maintaining the Licensed Foreign Counterparts.
If CVD determines that it does not wish to prepare, prosecute or maintain certain Foreign Counterparts, it shall notify Guidant of such decision, and, in any event shall give Guidant at least ninety (90) days notice prior to taking, or not taking, any action which would result in the abandonment, withdrawal, or lapse of any Foreign Counterpart.
BR shall reimburse ▇▇▇▇, within 30 days of the date of ▇▇▇▇’▇ invoice setting forth such costs and expenses, for 50% of the documented out-of-pocket costs and expenses of prosecuting and maintaining Licensed Foreign Counterparts under this subsection (c).
To the extent that any of the Licensed US Patent Rights or Licensed Foreign Counterparts are not owned of record by Licensor as of the date of this Agreement, the Parties acknowledge that ▇▇▇▇▇ ▇.
In such circumstance, Guidant shall have the right to control the preparation, prosecution or maintenance thereof, as the case may be, at its own expense, but any such change in control shall not affect the ownership thereof or the license to CVD Patents, including Foreign Counterparts, hereunder.
Without limitation, the Parties confirm that the licenses hereunder of the Licensed US Patent Rights and the Licensed Foreign Counterparts are only for Existing Products and Foreign Laboratory Products, and not for any new products that might be Covered by Licensed US Patent Rights and/or the Licensed Foreign Counterparts.
The parties shall consult about the countries, if any, where additional Foreign Counterparts will be filed, prosecuted and maintained.
The Parties further agree that as of the date of this Agreement, Licensor is the equitable owner of all the Licensed US Patent Rights and Licensed Foreign Counterparts and that the licenses thereof stated to be granted to ▇▇▇▇ by Licensor under this Agreement shall be effective at the times stated in this Agreement, notwithstanding any temporary delay in assignment of ownership of record thereof to Licensor as contemplated by the Master Agreement.