Licensed Patent Rights definition
Examples of Licensed Patent Rights in a sentence
Licensor shall provide Licensee with copies of material communications, filing and submissions proposed to be sent to any patent office with respect to Licensed Patent Rights before they are filed.
Each Licensed Patent Right correctly identifies all inventors of the claimed inventions, and, no dispute regarding inventorship has been alleged or threatened with respect to the Licensed Patent Rights.
Licensor will use Commercially Reasonable Efforts to maintain any Patent within the Licensed Patent Rights; provided that to the extent Licensor is unable to provide such maintenance, Licensor shall promptly inform Licensee as such and Licensee shall have the right (but not the obligation), in its sole discretion and at its cost, to provide such maintenance.
Subject to Licensor’s Opt-In Right and subject to the terms and conditions of this Agreement, during the Term, Licensor, on behalf of itself and its Affiliates, hereby grants to Licensee an exclusive (even as to Licensor), royalty-bearing, transferable (pursuant to Section 14.1), and sublicensable (through multiple tiers) license under the Licensed Patent Rights to Develop, Manufacture, and Commercialize Licensed Products in the Field in the Territory.
Any Licensed Improvements will be included within the Licensed Patent Rights and/or the Licensed Know-How which are hereby licensed to Licensee pursuant to Article 3.