Examples of Jointly Owned Patent in a sentence
Each Party shall give prompt notice to the other Party if it declines to pay costs for the filing, prosecution or maintenance of a Xxxxxxxxx Patent, Jointly Owned Patent or Lilly Patent, as applicable, in any country of the Territory, and in such case, the other Party after consultation with notifying Party and with notifying Party’s approval (which approval shall not be unreasonably withheld), shall have the right to file, prosecute or maintain such Patent at its own expense.
GrayBug shall not be obligated to pay any costs or fees related to the Kala/JHU Jointly Owned Patent Rights incurred after the termination unless and until GrayBug accepts the automatic license by not providing a notice to JHU declining such automatic license within the time period specified in the preceding sentence.
For the avoidance of doubt, the terms of this Agreement do not in any way affect Kala’s ownership interest in each of the Kala/JHU Jointly Owned Patent Rights.
The Contractor would be responsible for the up keep and maintenance of the product.
This Agreement shall remain in effect until the expiration of all JHU Patent Rights, Other JHU Patent Rights, Future Patent Rights and Kala/JHU Jointly Owned Patent Rights unless earlier terminated in accordance with this Section 9.
The provisions of Article 69, paragraphs (1) and (2) (Limitations of Patent Right), Article 73 (Jointly Owned Patent Rights), Article 76 (Extinction of Patent Rights in Absence of an Heir), Article 97, paragraph (1) (Waiver of Patent Right) and Article 98, paragraph (1), items (i) and (ii) (Effect of Registration) of the Patent Act apply mutatis mutandis to design rights.
MAYO and VGL (to the extent either such party holds any rights in such Key Patent), shall assign all right, title and interest in and to such Key Patent to COMPANY, subject to COMPANY’s continuing obligations to pay royalties on sales of COMPANY Products covered by a Valid Claim within such Key Patent as if such Key Patent were still a Jointly Owned Patent, in accordance with the terms and conditions of this Agreement.
JHU shall provide GrayBug written notice of the termination of Kala’s rights under JHU’s ownership interest in such Kala/JHU Jointly Owned Patent Rights, and GrayBug shall have [**] Business Days from its receipt of the notice to send JHU a written notice that GrayBug declines to accept the automatic license described in this section.
If DTI elects not to prosecute a Jointly Owned Patent, or to abandon any Jointly Owned Patent, it shall provide sixty (60) days written notice to Fujisawa prior to any relevant deadline and Fujisawa shall have the right, but not the obligation, to prosecute and maintain such patent at Fujisawa's expense, and under its own name.
All Jointly Owned Patent applications shall be assigned to both COMPANY and MAYO.