Joint Suit Sample Clauses
A Joint Suit clause defines the rights and obligations of parties when they are jointly involved in a lawsuit or legal proceeding. Typically, this clause outlines how the parties will cooperate in the defense or prosecution of the suit, share information, and potentially divide legal costs or settlements. Its core practical function is to ensure coordinated action and clear allocation of responsibilities among parties facing a common legal challenge, thereby reducing confusion and minimizing the risk of inconsistent legal strategies or outcomes.
Joint Suit. If Stanford and ***** so agree, they may institute suit or defend the declaratory judgment action jointly. If so, they will:
(A) prosecute the suit in both their names;
(B) bear the out-of-pocket costs equally;
(C) share any recovery or settlement equally; and
(D) agree how they will exercise control over the action.
Joint Suit. If ULRF and Licensee so agree, they may institute suit jointly. If so, they will: (a) prosecute the suit in both their names; (b) bear the out-of-pocket costs equally; (c) share any recovery or settlement equally; and (d) agree in a separate written document how they will exercise control over the action. In the event that a non-cash cross license is awarded or a non-cash settlement is reached, both Parties agree to negotiate appropriate compensation in good faith
Joint Suit. If Stanford and BioTrove so agree, they may institute suit jointly. If so, they will:
(A) Prosecute the suit in both their names;
(B) bear the out-of-pocket costs equally;
(C) share any recovery or settlement equally; and
(D) agree how they will exercise control over the action.
Joint Suit. If Stanford and either or both Licensees are jointly prosecuting an action against a third party infringer, they will share the out-of-pocket costs and any recovery or settlement equally; and agree how they will exercise control over the action.
Joint Suit. If Stanford and Fate so agree, they may institute suit jointly. If so, they will:
(A) prosecute the suit in both their names;
(B) bear the out-of-pocket costs equally;
(C) share any recovery or settlement equally; and
(D) agree how they will exercise control over the action.
Joint Suit. If University and Licensee agree to institute suit jointly, the suit shall be brought in both their names, the out-of-pocket costs thereof shall be borne equally, and any recovery or settlement shall be shared equally. University and Licensee shall agree to the manner in which they shall exercise control over such suit. Each Party, at its option, may be represented by separate counsel of its own selection, the fees for which shall be paid by each such party.
Joint Suit. If Stanford and Eidos so agree, they may institute suit or defend the declaratory judgment action jointly. If so, they will:
(A) prosecute the suit in both their names;
(B) bear the out-of-pocket costs equally;
(C) share any recovery or settlement equally; and
(D) agree how they will exercise control over the action.
Joint Suit. If Stanford and ImmuMetrix so agree, they may institute suit jointly. If so, they will:
(A) prosecute the suit in both their names;
(B) bear the out-of-pocket costs equally;
(C) share any recovery or settlement equally; and
(D) agree how they will exercise control over the action. S09-367 : GWK
Joint Suit. If University and Licensee agree to institute suit jointly, the parties to this Agreement shall bring the suit in both parties’ names, the out-of-pocket costs thereof will be borne equally, and any damages or other monetary awards of such suit shall first be applied to reimburse each party’s out-of-pocket costs and expenses attributed to such suit. Thereafter, any recovery or settlement will be shared equally. University and Licensee will agree to the manner in which they will exercise control over such suit. Each party, at its option, may be represented by separate counsel of its own selection, the fees for which shall be paid by the party electing to retain its own counsel.
Joint Suit. If Stanford and RUGA so agree, they may institute suit jointly. lasso, they will:
(A) prosecute the suit in both their names;
(B) bear the out-of-pocket costs equally;
(C) share any recovery or settlement equally; and
(D) agree how they will exercise control over the action.