Patent Interest definition

Patent Interest has the meaning set out in Section .9.2.

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Patent Interest means the entire right, title, and interest in and to the Assigned Patent, to be held and enjoyed by the Assignee, its successors and assigns, as fully and entirely as the same would have been held and enjoyed by the University had this assignment and sale not been made, and includes the right to enforce the Assigned Patent against any infringement occurring before, on or after the Effective Date, including the right to ▇▇▇ for past, present and future infringement and to seek and obtain relief and judgment therefor and/or to settle any such infringement claims and to collect monies owed in connection with such judgments or settlements.

Patent Interest means the exclusive right held by the owner of a patent issued by the United States Patent and Trademark Office to make, use, offer to sell, or sell a patented process, machine, manufacture, composition of matter, or material. “Process” means one or more acts or steps that produce a concrete, tangible and useful result that is patented by the United States Patent and Trademark Office, such as the means of manufacturing tangible personal property. Process may include a patented process performed with an item of

Examples of Patent Interest in a sentence

• If Licensee or Fresenius GmbH intends to dispose of or abandon any Patent Interest with respect to an Improvement necessary to the manufacture, use or sale of the Product, it shall notify Licensor of such intention and, to the extent practicable, give Licensor sufficient notice to permit it to take all steps necessary to preserve such Patent Interest.

• Such other party shall then have the right during a sixty-day period commencing with such notification to assume any such Patent Interest which the notifying party intends to dispose of or abandon and to undertake the procuring or preserving of such Patent Interest to itself.

• Licensee and/or Fresenius GmbH, as applicable, will co-operate with Licensor in such endeavor (including making an assignment of its full right, title and interest in the Patent Interest) provided that Licensor shall bear all the costs (including any tax liability) in connection therewith.

• Licensor will co-operate with Licensee or Fresenius GmbH in such endeavor (including making an assignment of its full right, title and interest in the Patent Interest) provided that Licensee and Fresenius GmbH shall bear all the costs (including any tax liability) in connection therewith.

• Licensee and Fresenius GmbH shall then have the right during the 60 day period commencing with such notification to assume any such Patent Interest which the Licensor intends to dispose of or abandon and to undertake the procuring or preserving of such Patent Interest to itself.

• The notifying party will co-operate with the other party in such endeavor (including making an assignment of full right, title and interest in the Patent Interest) provided that such other party shall bear all costs (including any tax liability) in connection therewith.

• Licensor shall then have the right during the 60 day period commencing with such notification to assume any such Patent Interest which the Licensee or Fresenius GmbH intends to dispose of or abandon and to undertake the procuring or preserving of such Patent Interest to itself.

• Section 2.01 Subject to the receipt of the Purchase Price and other terms and conditions contained herein, the University hereby sells, assigns, transfers and conveys the Patent Interest in the Assigned Patent to the Assignee for the Assignee’s own use and benefit, and for the use and benefit of the Assignee’s successors and assigns (except patent trolls), and the Assignee hereby accepts such sale, assignment, transfer and conveyance.

• If either Grantor or Licensee intends to dispose of or abandon any of the patents, rights in the patents, patent application or the right to file under the Paris Convention for a foreign patent, if any (the "Patent Interest") which would be covered by this Agreement, Grantor or Licensee, as the case may be, shall promptly notify the other party and the Banks of such intention and give such other party sufficient notice to permit it to take all steps necessary to preserve such Patent Interest.

• Licensor shall then have the right during the 60 day period commencing with such notification to assume any such Patent Interest which the Licensee or Fresenius AG intends to dispose of or abandon and to undertake the procuring or preserving of such Patent Interest to itself.

More Definitions of Patent Interest

Patent Interest means the exclusive right held by the owner of a patent issued by the United States Patent and Trademark Office to make, use, offer to sell, or sell a patented process, machine, manufacture, composition of matter, or material.