Examples of Patent Rights in a sentence
Licensor shall promptly inform Licensee of any matters that come to their attention and which may affect the Prosecution of the Patent Rights, and Licensor shall not take any decisions (including, but not limited to, pursuing additional claims, responding to office actions or making amendments to the Patent Rights) without having first obtained Licensee’s prior written consent.
Any out-of-pocket costs associated with the transfer of the Patent Rights, Technology and/or the Knowhow from Licensor to Licensee, shall be borne by Licensee.
Distributor will immediately notify LTS if Distributor learns of any potential infringement of the Marks or Patent Rights by a third party, or that a Product or use of the Marks within the Territory may infringe the proprietary rights of a third party.
Distributor shall immediately bring to the notice of LTS any infringement or suspected infringement of any Patent Rights in any part of the Territory and LTS may, at its own expense, institute proceedings in respect to any such infringement which in the opinion of LTS’s professional advisers give LTS or Distributor a clear right to a successful suit or action.
If there is no specific agreement in place, the management and exploitation shall be subject to the same rules as the Patent Rights.