Common use of Claimed Infringement Clause in Contracts

Claimed Infringement. In the event that a Party becomes aware of any claim that the manufacture, use or sale of the Product by CTI infringes the intellectual property rights of any Third Party, such Party shall promptly notify the other Party. In any such instance, the Parties shall cooperate and shall mutually agree upon an appropriate course of action. Each Party shall provide to the other Party copies of any notices it receives from third parties regarding any alleged infringement of Third Party intellectual property rights and/or any declaratory judgment actions. Such notices shall be provided promptly, but in no event after more than fifteen (15) days following receipt thereof.

Appears in 4 contracts

Samples: License Agreement (Critical Therapeutics Inc), License Agreement (Critical Therapeutics Inc), License Agreement (Critical Therapeutics Inc)

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