Common use of ADM Clause in Contracts

ADM. As between the Parties, ADM shall have the sole right, but not the obligation, at its sole cost, to take legal action to enforce or defend any declaratory action or counterclaim with respect to any Patents contained in the ADM Background Technology, and to settle any such action. ADM shall retain all recoveries or awards relating to such infringing activity or proceedings.

Appears in 2 contracts

Sources: Strategic Collaboration Agreement, Strategic Collaboration Agreement (Solazyme Inc)