Licensed Patents definition
Examples of Licensed Patents in a sentence
Except as otherwise agreed by the Parties in writing in connection with a cost sharing arrangement, any recovery realized as a result of such Infringement action in the Territory described above in this Section 10.3 (whether by judgment, settlement or otherwise) with respect to Licensed Patents shall [***].
Vir Bio shall keep Licensee reasonably informed with respect to the Prosecution of Licensed Patents in the Territory, including by providing Licensee with drafts of any material filings or responses to be made to the relevant patent offices in the Territory sufficiently in advance of submitting such filings or responses so as to give Licensee a reasonable opportunity to provide comments thereon.
The Party that is not Prosecuting the Licensed Patents in the Territory shall reasonably cooperate with the Party that is Prosecuting such Licensed Patents in Prosecution of all Licensed Patents in the Territory, including by offering any requested comments in a timely manner, providing access to relevant documents and other evidence, executing all appropriate documents and making its employees reasonably available at reasonable business hours.
As between the Parties, Vir Bio shall have the sole right, but not the obligation, to Prosecute all Licensed Patents in the Territory (subject to discussion with the JSC in accordance with Section 7.1.2(e)) and in the Vir Bio Territory, using counsel of its choice.