Examples of Licensed Patent Applications in a sentence
FOUNDATION further agrees to consult with LICENSEE in a timely manner concerning (i) the scope and content of Licensed Patent Applications (ii) the strategy and tactics of patent prosecution, (iii) content of proposed responses to official actions of the United States Patent and Trademark Office and foreign patent offices during prosecution of such patent applications and (iv) cost of patent prosecution.
Any inventions made using the research funding, described above, provided to Dr. Beer and his colleagues by LICENSEE which are dominated by the claims of Licensed Patent Applications or Licensed Patents shall, to the extent possible considering FOUNDATION'S obligations to third parties, be subject to the terms and conditions of this Agreement and shall be included herein by letter amendment to this Agreement.
The parties acknowledge the importance of cooperating on the ongoing management of prosecution of Licensed Patent Applications.
The aforesaid exclusive license under Licensed Patent Applications, Licensed Patents and Licensed Biological Material shall last for a period ending on the expiration date of the last to expire Licensed Patent or, should only Licensed Biological Materials be licensed, then for a period of fifteen (15) years from the date of this Agreement.
FOUNDATION agrees to utilize patent counsel selected by FOUNDATION and reasonably approved by LICENSEE for the purpose of filing and prosecuting Licensed Patent Applications.