Owned Rights definition
Examples of Owned Rights in a sentence
Each Party will cooperate with the other Party and its representatives to effectuate such joint ownership rights in and to the Product IP Owned Rights and Created Product IP Rights, including without limitation, executing any documents in connection therewith.
Except where Product IP Owned Rights and Created Product IP Rights are exclusively and/ or Semi-Exclusively licensed to the other Party under this Agreement, each Party may exploit, license, or sublicense (through multiple tiers) Product IP Owned Rights and Created Product IP Rights without the consent of, or a duty of accounting to, the other Party.
The party subject to such claim shall have the exclusive right and obligation to defend and control the defense of any such claim, suit or proceeding, at its own expense, using counsel of its own choice; provided, --------- however, such party shall not enter into any settlement which makes any ------- admission or concession in relation to any Jointly Owned Rights or any of the parties' respective technologies without the prior written consent of the other party.
If the manufacture, sale or use of any Jointly -------------------- Owned Rights or any of the parties' respective technologies results in any claim, suit or proceeding alleging patent infringement against 3DP or BIOCRYST (or their respective Affiliates), such party shall promptly notify the other party hereto in writing setting forth the facts of such claim in reasonable detail.
Additionally, (i) the terms of this Agreement and the Jointly Owned Rights will be considered the Confidential Information of both Parties, (ii) the identities of the Reserved Targets and the ▇▇▇▇▇▇▇ Proteins, the ▇▇▇▇▇▇▇ Background Rights and the ▇▇▇▇▇▇▇ Owned Rights will be considered the Confidential Information of ▇▇▇▇▇▇▇, and (iii) the Licensed Intellectual Property (other than the Jointly Owned Rights) will be considered the Confidential Information of Dyadic.
To the extent possible, no later than the fifth Business Day following the commencement of the Offer (or within two Business Days after the subsequent acquisition of any Owned Rights), the Stockholder shall take all actions necessary or desirable to exercise or convert all Owned Rights into shares of Common Stock and shall validly tender, and not withdraw, all such shares of Common Stock as set forth in this clause (a).
The Stockholder agrees that any additional Company Securities acquired by it or over which it acquires Beneficial Ownership or voting power or dispositive power, whether pursuant to the exercise of Owned Rights or otherwise, shall be subject to the provisions of this Agreement.
The Parties agree to cooperate fully in the preparation, filing, prosecution and maintenance of each Party’s interest in and to the Dyadic Owned Rights, the ▇▇▇▇▇▇▇ Owned Rights, and the Jointly Owned Rights in the Territory under this Agreement.