Specified IP definition
Examples of Specified IP in a sentence
Licensor will notify Licensee periodically of the status of any pending Patents Rights contained in the Specified IP, including any office actions, notice of allowance, and required filings or payments concerning the Specified IP.
Licensee’s rights and obligations under this Agreement as they relate to the sublicense of the Sublicensed Specified IP shall be subject to terms and conditions of the UNC Agreement.
Licensor will retain sole control over enforcement and defense of the Specified IP against such Third Party infringers.
If Licensor elects to file or defends any claim, suit, or action (a “Claim”) against any Third Party based on any Specified IP, Licensee will cooperate with Licensor, at Licensor’s request, in enforcing or defending such Claim, including joining Licensor as a party to such suit or action at any time at Licensor’s request.
Nothing contained in this Section 4.2 will obligate Licensor to enforce or defend any Specified IP.