Patent infringement definition
Examples of Patent infringement in a sentence
Paragon shall have the sole right, but not the obligation, to bring and control any legal action, including by declaratory judgment action, patent litigation or similar proceeding, in connection with any Patent Infringement or Patent Challenge with respect to the Paragon Patents in the Territory at its own expense and discretion as it reasonably determines appropriate.
Each Party shall give the other Party notice of any known or suspected infringement by a Third Party (“Patent Infringement”) of any Licensed Project ADC Patent or Licensed ADC Patent and any known or suspected challenge by a Third Party against the validity or enforceability (“Patent Challenge”) of any Licensed Project ADC Patent or Licensed ADC Patent within [***] days after such Patent Infringement or Patent Challenge comes to such Party’s attention.
Any recoveries resulting from such legal action initiated by Crescent or Paragon hereunder relating to Patent Infringement or Patent Challenge of the Licensed Project ADC Patents, including pursuant to a settlement, shall be applied as follows: (i) first to reimburse the [***] of each of the Parties in such action; and (ii) second, any amounts remaining after paying the amounts due each Party under clause (i) (the “Remaining Recovery”) shall be allocated as follows: (1) [***]; or (2) [***].
Crescent shall have the first right, but not the obligation, to bring and control any legal action, including by declaratory judgment action, patent litigation or similar proceeding, in connection with any Patent Infringement or Patent Challenge with respect to the Licensed Project ADC Patents in the Territory at its own expense and discretion as it reasonably determines appropriate.
Each Party shall give the other Party notice of any known or suspected infringement by a Third Party (“Patent Infringement”) of any Licensed Patent and any known or suspected challenge by a Third Party against the validity or enforceability (“Patent Challenge”) of any Licensed Patent within [***] after such Patent Infringement or Patent Challenge first comes to such Party’s attention.