Common use of Joint Suit Clause in Contracts

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.

Appears in 2 contracts

Sources: Exclusive License Agreement (Versartis, Inc.), Exclusive License Agreement (Versartis, Inc.)