Abandonment of Patents or Applications Sample Clauses

Abandonment of Patents or Applications. AccuMed shall be free, at any time, to elect not to proceed with and/or to abandon the preparation, filing, prosecution, maintenance or defense of any patent application or patent within the AccuMed Patent Rights, provided that AccuMed shall provide MonoGen written notice of such intention at least thirty (30) days before a final due date which would result in the abandonment or bar of patentability of such patent or patent application. In such case, MonoGen, at its option, and upon written notice to AccuMed, may continue prosecution or maintenance, at its own expense, of such patent or patent application, and AccuMed promptly shall assign and transfer to MonoGen all of its right, title, and 6 interest in and to such patent or patent application.