By BIOVENTURE Sample Clauses

By BIOVENTURE. In the event that CMCC decides not to prepare, file, prosecute and/or maintain any of the THALIDOMIDE PATENT RIGHTS in any country(ies) or region(s) in the TERRITORY, CMCC shall notify BIOVENTURE promptly, and in any event in sufficient time for BIOVENTURE to preserve its economic rights hereunder, CMCC shall have no obligation to pay for any costs incurred after the receipt of such notice by BIOVENTURE in connection with the preparation, filing, prosecution or maintenance of any such THALIDOMIDE PATENT RIGHTS in the relevant country or region in the TERRITORY; and BIOVENTURE shall thereafter have the sole right, but not the obligation, to prepare, file, prosecute and/or maintain such THALIDOMIDE PATENT RIGHTS in such country(ies) or region(s) in the TERRITORY, at BIOVENTURE's sole expense, using patent counsel selected by BIOVENTURE and reasonably acceptable to CMXX. XXXXXXXXXX xgrees to ADVISE CMCC with respect thereto.
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