Parent Patents definition
Examples of Parent Patents in a sentence
The Parties acknowledge and agree that certain licenses with respect to the use by the SpinCo Group of certain Parent Patents shall be set forth in the Patent Cross License Agreement.
No claims made by third parties with respect to any of the Parent Patents, Licenses and Permits are pending.
The Parent Assets and Sub Assets constitute all patents, licenses, permits, consents, approvals or authorizations of governments, governmental authorities or quasi-governmental authorities (both United States and foreign) currently owned or held by the Parent and Sub in connection with the business, assets or prospects of the Parent and Sub (the “ Parent Patents, Licenses and Permits ”), and the Parent or Sub is the owner or exclusive licensee of each Parent Patent, License and Permit.
There are no decrees, licenses, sublicenses, agreements or limitations now in effect relating to any of the Parent Patents, Licenses and Permits and there has been no notice to the Parent or Sub that any of the Parent Patents, Licenses or Permits infringe the rights of any third party or is being infringed by any third party.
Within a period of three (3) months after the Share Acquisition Closing, Parent agrees to continue (i) the payment of maintenance fees, and (ii) providing responses to official office actions, in each case to the extent that they are due within the applicable period and to maintain its files and records relating to the Parent Assigned IP using the same standard of care and diligence that it uses with respect to the Parent Patents.
The Parent Patents include all Patents to which any Parent Patent has been terminally disclaimed.