IP Dispute definition
Examples of IP Dispute in a sentence
Notwithstanding the foregoing, no Dispute concerning a party’s or a third party’s rights in or to intellectual property protected in accordance with Federal law (an IP Dispute”) shall be subject to arbitration and any such IP Dispute may be filed only in a federal court of competent jurisdiction, subject to the obligation to participate in Negotiations, as set forth herein.
For the avoidance of doubt, neither party shall be liable for losses, damages, costs and expenses incurred by the other party as a result of an IP Dispute unless expressly provided in this Section 9.4; provided that the provisions of this Section 9.4 shall not limit the rights of Buyer to bring a claim for a breach of the representations and warranties contained in Section 3 for a breach as of the date of this Agreement.
If a Dispute (other than an IP Dispute defined in Section 15.4) cannot be settled according to Section 15.1 (Dispute Escalation), the Parties agree to good faith efforts to settle the controversy by mediation.
You may not communicate with any Person other than us and our counsel in connection with any IP Dispute.
In event of any dispute relating to IP, the same shall be referred to Chairman of the IP Dispute Resolution Panel (IP-DRP).
In the event that Seller, any Subsidiary, Buyer and/or any Buyer Designee is notified or in any other way becomes aware of an IP Dispute and/or the commencement of legal action by a Third Party with respect to an IP Dispute, Seller or Buyer, as the case may be, promptly shall send written notice of such IP Dispute to the other party, provided, however, that failure to give such notice shall not relieve such party of any liability hereunder unless the other party has suffered prejudice by such failure.
You and we shall equally share the costs of responding to any IP Dispute within your Membership Area.
Each party shall bear all the fees, internal and external costs and expenses incurred by such party in connection with the conduct of such IP Dispute in connection with any IP Liability (including such party’s attorney’s and court fees) and such fees, costs and expenses shall not constitute IP Liabilities for the purposes of this Agreement.
We have sole discretion in deciding what action, if any, to take in response to the IP Dispute.
If a Dispute (other than an IP Dispute) cannot be settled in according to Section 15.2 (Mediation), the Parties agree to submit any dispute to arbitration to be administered by the International Chamber of Commerce (“ICC”) (or any like organization successor thereto) in accordance with the Rules of Arbitration (“Rules”) of the ICC and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.