Declaratory Judgment. 12.1 In the event a declaratory judgment action alleging invalidity or noninfringement of any Licensed Patent is brought against Licensee, then ULRF, at its option and sole discretion, will have the right, within thirty (30) days after commencement of such action, to (in good faith) intervene and take over and conduct the sole defense of the action at its own expense.
Appears in 3 contracts
Sources: Exclusive License Agreement (Qualigen Therapeutics, Inc.), Exclusive License Agreement (Qualigen Therapeutics, Inc.), Exclusive License Agreement (Ritter Pharmaceuticals Inc)
Declaratory Judgment. 12.1 In the event a declaratory judgment action alleging invalidity or noninfringement of any Licensed Patent or Licensed Copyright is brought against Licensee, then ULRF, at its option and sole discretion, will have the right, within thirty (30) days after commencement of such action, to (in good faith) intervene and take over and conduct the sole defense of the action at its own expense.
Appears in 2 contracts
Sources: Exclusive License Agreement (Neuro Spectrum Insights, Inc.), Exclusive License Agreement (Neuro Spectrum Insights, Inc.)