Lead IP Party definition

Lead IP Party has the meaning set forth in Section 9.6a.
View Source
Lead IP Party has the meaning set forth in Section 5.5. Losses has the meaning set forth in Section 9.2.1.
View Source
Lead IP Party is defined in Section 10.3.3.
View Source

Examples of Lead IP Party in a sentence

  • The Non-Lead Party shall, as reasonably requested by the Lead IP Party, assist the Lead IP Party and the Lead IP Party’s external patent counsel (if applicable) in the preparation, filing, prosecution and/or maintenance of Joint Patents and/or, if applicable, any other Collaboration IP, and the Parties shall cooperate with one another jointly to maintain the Joint Patents and/or, if applicable, any other Collaboration IP in force.

  • The Joint IP Committee shall appoint a Lead IP Party for each Program Invention which is part of the Collaboration IP, taking into consideration the capabilities of each Party’s IP department and each Party’s specific expertise with respect to the relevant Program Invention.

  • In case actions need to be taken during such dispute period to prevent Joint Patents from going abandoned, the Lead IP Party shall have final decision-making authority taking into due account the dispute and making efforts to keep status quo to the extent possible.

  • Upon request of the Lead IP Party, the other Party shall give the Lead Party all reasonable assistance in any such Infringement Proceeding.

  • The Lead IP Party shall only be entitled to file any application for any Joint Patent Right after the relevant application has been approved in writing by the other Party (such approval not to be unreasonably withheld or delayed).

  • The Lead IP Party shall prepare (and continuously update as appropriate) a yearly budget for implementation of the overall IP strategy and the governance of the Collaboration IP (hereinafter, the IP Budget).

  • Unless otherwise agreed in writing, the Lead IP Party shall be responsible during the Term of the Agreement.

  • If the Divesting Party’s share of a Collaboration Product is divested to a Third Party following a successful completion of a Divestment Process, the Non-Divesting Party will, unless otherwise agreed with the Third Party, be the Lead IP Party (as defined below) for any Collaboration IP going forward.

  • The Lead IP Party is hereby granted by the other Party (the Non-Lead Party) a power of attorney to conduct all such acts which rest with the Lead IP Party as specified in these terms.

  • The Joint IP Committee shall convene with no less than [***] weeks’ notice unless shorter notice is required under the circumstances, for example in order to allow the Lead IP Party necessary time to act towards the authorities.

Related to Lead IP Party

  • Third Party Licensor means the relevant licensor of any Third Party Data or any Third Party Trade Mark;

  • Opposing Party means the third party that owes Borrower the Miscellaneous Proceeds or the party against whom ▇▇▇▇▇▇▇▇ has a right of action in regard to the Miscellaneous Proceeds.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • ANI means automatic number identification.

  • Novartis shall have the meaning set forth in the Preamble.