DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 7.01 LICENSEE shall reimburse UNIVERSITY for all out-of-pocket expenses UNIVERSITY has incurred prior to the execution of this Agreement for the preparation, filing, prosecution and maintenance of PATENT RIGHTS (hereinafter “PATENT EXPENSES”) within one year of execution of this Agreement. All PATENT EXPENSES UNIVERSITY incurs during the first year following the execution of this Agreement shall be reimbursed by LICENSEE within two (2) years following the execution of this agreement. PATENT EXPENSES incurred by UNIVERSITY beginning in the second year following execution of this agreement shall be reimbursed by LICNESEE on an ongoing basis following receipt of invoice by UNIVERSITY for such PATENT EXPENSES. All reimbursements for PATENT EXPENSES shall be received as a separate payment apart from any royalties or other revenues owed UNIVERSITY. Late payment of invoices of PATENT EXPENSES received by LICENSEE from UNIVERSITY shall be subject to interest charges of one and one-half percent (1 1/2%) per month. A payment under this Section 7.01 is considered late if payment is not received by UNIVERSITY within thirty (30) days from LICENSEE’s receipt of an invoice from UNIVERSITY.
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 7.01 LICENSEE shall reimburse UNIVERSITY for all out-of-pocket expenses UNIVERSITY has incurred for the preparation, filing, prosecution and maintenance of PATENT RIGHTS (hereinafter “PATENT EXPENSES”) and for all such future PATENT EXPENSES as a separate payment apart from any royalties or other revenues owed UNIVERSITY. To enable payment of such expenses, UNIVERSITY shall report to LICENSEE any and all payments already made as of the date of this agreement (listed in Exhibit B) for the preparation, filing, prosecution and maintenance of PATENT RIGHTS related to those listed in Appendix A and on a monthly basis, the current unpaid balance of such expenses, in such detail, so that LICENSEE can verify the accuracy of such report, including copies of invoices from counsel related to the same, such reimbursement shall be made within thirty (30) days of the end of each Calendar Year at a rate of $50,000 per Calendar Year until the balance of such expenses is zero. The initial reimbursement by LICENSEE for Patent Rights and Expenses incurred by the University shall be due June 30, 2010. Late payment of invoices of PATENT EXPENSES received by LICENSEE from UNIVERSITY shall be subject to interest charges of one and one-half percent (1 1/2%) per month. A payment due under this Section 7.01 is considered late if payment is not received by UNIVERSITY within thirty (30) days from the end of each calendar year.
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 8.1. [*****].
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. Section 7.01
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. A. Company shall reimburse University for all reasonable out of pocket expenses University incurs for the preparation, filing, prosecution and maintenance of Patent Rights upon execution of this Agreement, however, expenses previously reimbursed by Company as part of an earlier option agreement will not be included. Company shall reimburse University for all such future expenses within thirty (30) days of Company's receipt of invoices. University shall take responsibility for the preparation, filing, prosecution and maintenance of any and all patent applications and patents included in Patent Rights, provided however that University shall first consult with Company as to the preparation, filing, prosecution and maintenance of such patent applications and patents and shall furnish to Company copies of documents relevant to any such preparation, filing, prosecution or maintenance,
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 6.1 LICENSOR shall take responsibility for the preparation, filing, prosecution and maintenance of any and all patent applications and patents included in Patent Rights and shall use his best efforts to promptly procure the broadest possible patents in the U.S. and in all countries designated by LICENSEE pursuant to Section 6.2; provided however that LICENSOR shall first consult with LICENSEE as to the preparation, filing, prosecution and maintenance of such patent applications and patents and shall furnish to LICENSEE copies of documents relevant to any such preparation, filing, prosecution or maintenance. LICENSOR and LICENSEE shall jointly agree on patent counsel to prepare, file, prosecute and maintain such patents and patent applications which shall be, in the absence of an agreement to the contrary, the law firm of Xxxxxx & Xxxxxxx in new York, New York.
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 7.1 Patent 1 Patent Rights.
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. A. Upon execution of this Agreement, Company shall reimburse University for all out-of-pocket expenses University has previously incurred for the preparation, filing, prosecution and maintenance of Patent Rights, which expenses are [ * ] as of the billing period through [ * ]. Subject to Section IX.C, Company shall reimburse University for all such future expenses University incurs after the billing period through [ * ] within thirty (30) days of Company’s receipt of University’s invoices for such future expenses. University shall take responsibility for the preparation, filing, prosecution and maintenance of any and all patent applications and patents included in Patent Rights, provided, however, that University shall first consult with Company as to the preparation, filing, prosecution and maintenance of such patent applications and patents and shall furnish to Company copies of documents relevant to any such preparation, filing, prosecution or maintenance. In the event that University elects not to file, prosecute or maintain any patent applications or patents within Patent Rights, Company shall have the right to do so at its own expense, and University shall cooperate with Company and execute any documents reasonably required by Company in order to perform such activities.
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 6.1 LICENSEE shall reimburse UH for all reasonable expenses UH has incurred for the preparation, filing, prosecution and maintenance of PATENT RIGHTS. Reimbursement for such expenses is due ninety (90) days after execution of this Agreement. LICENSEE shall reimburse UH for all such future expenses ninety (90) days after receipt of invoices from UH. Late payment of these invoices shall be subject to interest charges computed under section 4.5(d).
DOMESTIC AND FOREIGN PATENT FILING AND MAINTENANCE. 7.1 The Foundation, in its sole discretion, shall be responsible for the preparation, filing, prosecution, and maintenance of any and all patent applications and patents included in Patent Rights. The Foundation shall consult with Licensee as to the preparation, filing, prosecution and maintenance of such patent applications and patents and shall furnish to Licensee copies of documents relevant to any such preparation, filing, prosecution, or maintenance.
