Major Markets definition
Examples of Major Markets in a sentence
If Licensee elects not to file, prosecute or maintain a Licensed Patent in a foreign jurisdiction other than any Major Markets where patent protection may be available, Licensee shall notify University [***] prior to any applicable patent prosecution bar date in such US or foreign jurisdiction, as applicable, so that University may file, prosecute or maintain a Licensed Patent in that jurisdiction if University desires.
Licensee shall assume primary responsibility for preparing, filing, prosecuting and maintaining patent claims of appropriate scope (e.g., including both broad claims and claims directed to commercial embodiments) for the Licensed Patents (including any interference or reexamination actions) in University’s name in each of the Major Markets.
Licensee may not abandon prosecution of any U.S. or foreign patent application within any of the Major Markets without first notifying University of Licensee’s intention and reason therefore at least [***] prior to any bar date and providing University with reasonable opportunity to assume responsibility for prosecution and maintenance of such patents and patent applications.
Licensee shall reimburse University for all reasonable, documented, out-of-pocket patenting expenses incurred by University in the preparation, filing, prosecution, and maintenance of the Licensed Patents in the Major Markets and any other countries in which Licensee and University agree to pursue patent protection for the invention(s) described in the Licensed Patents (“Patent Costs”).