Examples of Xxxxxxx Patent Rights in a sentence
The term of this Agreement (the “Term”) will commence on the Effective Date and, subject to earlier termination in accordance herewith, shall expire on the last to occur of: (a) the expiry of the last-to-expire patent term, or conclusion of Prosecution of the last-to-be-Prosecuted, of the Xxxxxxx Patent Rights; or (b) the expiration of the last-to-expire Royalty Term.
If Xxxxxxx has not licensed a Third Party rights under the Xxxxxxx IP to any Compound or Products for use outside the Field by the time that Company Marketing Authorization for a Product in the Field in a given country, Company shall have the sole right to determine, if applicable, which of the Xxxxxxx Patent Rights the Parties will attempt to extend.
Xxxxxxx grants to ACI a worldwide non-exclusive license under Xxxxxxx Patent Rights and Xxxxxxx Know-How, including rights licensed to Xxxxxxx by ACI under section 7.1, for ACI to conduct: (i) Research activities in accordance with the Research Plan, and (ii) Development and CMC activities in accordance with sections 6.1 and 6.4.
Xxxxxxx has the right but not the obligation to initiate and prosecute any such legal action at its own expense and in the name of ACI and Xxxxxxx (or just ACI or just Xxxxxxx if the laws of the jurisdiction so dictate), or to control the defense of any declaratory judgment action relating to such ACI Patent Rights, Xxxxxxx Patent Rights, Joint Patent Rights, ACI Know-How or Xxxxxxx Know-How.
In the case of a termination in its entirety by ACI under Section 12.3.1 or Xxxxxxx under this section 12.5, Xxxxxxx shall xxxxx and hereby grants to ACI a non-exclusive, worldwide, fully-paid up, royalty-free, perpetual, irrevocable license under Xxxxxxx Patent Rights and Xxxxxxx Know-How, to the extent necessary to Develop, Manufacture and Commercialize ACI or Joint Product(s) as of the effective date of termination.