Common use of Continued Prosecution Clause in Contracts

Continued Prosecution. LR shall diligently continue to prosecute the Patents through the Closing Date, shall pay (subject to section 5.1.1 below) any maintenance fees, annuities and the like for which the fee is payable (e.g., the fee payment window opens) on or prior to the Closing Date even if the surcharge date or final deadline for payment of such fee would be after the Closing Date, and shall notify MediWound in writing separate from any other disclosures made hereunder of any relevant due dates related to prosecution, filing or maintenance of the Patents that will occur within thirty (30) days after the Closing Date.

Appears in 2 contracts

Sources: Patent Purchase Agreement (MediWound Ltd.), Patent Purchase Agreement (MediWound Ltd.)