Examples of Retained Patents in a sentence
Following the Closing, Xxxxx will have the right, but not the obligation to prosecute, license, and enforce the Transferred Patents, and Seller will have the right, but not the obligation to prosecute, license, and enforce all Retained Patents.
Both Parties shall and hereby does, and shall cause its Designated Parties to, effective as of the effective date of termination of this Agreement in its entirety, grant the other Party, an exclusive license and right of reference, with the right to grant multiple tiers of sub-licenses and further rights of reference, in and to: (i) the Retained Inventions, (ii) Retained Patents, (iii) such Parties rights in and to the foregoing, on the agreed conditions.
No rights or licenses are granted under this Agreement with respect to the Retained Patents.
As between the Parties, AstraZeneca shall own and retain all right, title and interest in and to all Retained Patents and without prejudice to Section 3.4 grants no right, title and interest in or to the Retained Patents to Flexion.
AstraZeneca shall not, and shall procure that its Affiliates, Collaborators, sub-licensees and assigns shall not, enforce any Retained Patents against Flexion, its Affiliates and Sublicensees in respect of any use by Flexion, its Affiliates, and Sublicensees to the extent only that the relevant use is solely for the purposes of exercising the rights granted at Section 3.1 above.