IP Costs means, with respect to any Retained IP, an amount equal to all the costs and expenses in relation to such Retained IP (including any acquisition, filing, prosecution and maintenance costs for such Retained IP and any costs and expenses incurred in relation to any disputes involving such Retained IP) incurred by the Seller and its Subsidiaries.

IP Costs means all costs and expenses incurred, paid (including through reimbursement to a Party) or payable by a Party resulting from, arising out of or relating to any Off-Strategy Action, including all attorneys’ and other legal fees and expenses, costs and expenses of any opinions, advice or counseling, consultant or expert fees and expenses, court costs and all amounts paid or payable in settlement, satisfaction or judgment with respect to any Off-Strategy Action, including damages, lump sum payments, periodic payments, on-going royalty payments and/or any other types of payment required to enable or resulting from the marketing, promotion, manufacture and/or sale of Product as a result of an Off-Strategy Action.

IP Costs shall have the meaning assigned to such term in Section 4.3.

Examples of IP Costs in a sentence

Any negative Product Profit that results from Excess Product Liability Costs, and Third Party Blocking IP Costs (as defined in Exhibit A) may be carried forward to future quarters and offset against positive Product Profit in such future quarters for the same ZIOPHARM Product.
Licensee shall also be liable for pre-paid IP Costs incurred prior to the Effective Date of this Agreement, including the costs of provisional and non-provisional applications that are filed to preserve Intellectual Property.
Licensee shall reimburse Owner for all IP Costs incurred on behalf of Licensee.
For the avoidance of doubt, no cost or expense will be counted more than once in calculating Manufacturing Costs, Commercialization Costs, or U.S. [***] Shared IP Costs, even if such cost or expense falls into more than one of the cost categories that comprise such costs.
Reimbursement for pre-paid IP Costs shall occur within 12 months of the Effective Date.

More Definitions of IP Costs

IP Costs means all reasonable external costs, fees and expenses in connection with: (i) the drafting, filing, prosecution and protection of all applications for the registration of Intellectual Property Rights or supplementary protection certificate applications comprised within the PDC Developed Foreground IP; and (ii) the maintenance and extension of all registrable Intellectual Property Rights comprised within the PDC Developed Foreground IP; and (iii) the enforcement of the PDC Developed Foreground IP in connection with this Agreement or the PDC Developed Foreground IP Licence, including:

IP Costs means the documented, unreimbursed, out-of-pocket, reasonable expenses incurred by UTRF in the preparation, filing, prosecution, defense, enforcement and maintenance of IP RIGHTS associated with the EXISTING INVENTIONS and IMPROVEMENT INVENTIONS.

IP Costs means all out-of-pocket expenses incurred by MSU or RTC, as appropriate, to protect and commercialize Intellectual Property. Such expense shall be limited to documented incremental costs for: (a) protecting (e.g. patent prosecution and/or copyright registration, patent/copyright maintenance); (b) defending; (c) marketing; (d) licensing the IP. Such expenses shall also include costs for (e) enhancing the marketability or any other aspect of the IP; (f) dealing with RTC equity interest associated with the IP; and (g) Advance Royalty Payments as defined in the IP Policy. Specifically excluded costs associated with generating the IP (i.e. research costs).

IP Costs means the documented, un-reimbursed, out-of-pocket, reasonable expenses incurred by UTRF or OSU in the preparation, filing, prosecution, defense, enforcement and maintenance of IP RIGHTS associated with the NEW INVENTIONS.

IP Costs means expenditures to obtain or maintain Licensed Patents or other IP Rights. IP Costs include, without limitation, expenditures related to administrative proceedings concerning the validity or invalidity of patent protection for the Licensed Technology, including proceedings pursuant to 35 U.S.C. §§ 131-135, 251-256, 302-306, or 311-329.

IP Costs means reasonable and documented expenditures incurred by UVA LVG to obtain or maintain Licensed Patents in the pursuit of maximizing patent protection of Licensed Products. IP Costs include, without limitation, expenditures related to administrative proceedings concerning the validity or invalidity of patent protection for the Licensed Technology, including proceedings pursuant to 35 U.S.C. §§131-135, 251- [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. 256, 302-306, or 311-329. For sake of clarity, IP Costs do not include legal fees and expenses associated with litigation. If extraordinary expenditures are anticipated arising from the preparation, filing, or prosecution of any Licensed Patent, UVA LVG shall use reasonable efforts to provide Licensee with full details and shall discuss with Licensee a mutually acceptable course of action prior to incurring any additional expenses. UVA LVG and Licensee hereby agree that expenditures on patent prosecution (including both foreign and domestic filings) in excess of [**] shall be considered “extraordinary.”