Action by RELIANT Sample Clauses
The 'Action by RELIANT' clause defines the rights and procedures by which the party named RELIANT may take specific actions under the agreement. Typically, this clause outlines the circumstances under which RELIANT can make decisions, exercise options, or perform obligations, such as providing notices, approvals, or initiating remedies. By clearly specifying RELIANT's authority and the process for taking action, this clause ensures clarity in the execution of the contract and helps prevent disputes over who is empowered to act and how such actions should be carried out.
Action by RELIANT. In the event PRONOVA and/or any of its Affiliates are unable to or elect not to commence an action against the third party responsible for the alleged infringement or misappropriation within one hundred twenty (120) days of the date on which PRONOVA becomes aware of such infringement (or, if reasonably possible, such shorter period as may be required to permit RELIANT to sufficiently pursue such action following such inability or election), then RELIANT may, but shall not be required to, prosecute the alleged infringement or threatened infringement. PRONOVA agrees to cooperate in any such infringement action and agrees to execute, or cause to be executed, all documents and perform such other acts as may be reasonably requested by RELIANT (including but not limited to consent to be joined as a nominal party plaintiff in such action), at RELIANT’s expense. RELIANT shall not enter into any settlement, consent or other resolution of any such action or suit without PRONOVA’s prior written consent, such consent not to be unreasonably withheld, delayed or conditioned.