Lawsuit by GTC Sample Clauses

Lawsuit by GTC. If SMIG does not take action in the prosecution, prevention, or termination of a specific Infringement, and has not commenced negotiations with the infringer for the discontinuance of said Infringement within one hundred eighty (180) days after receipt of Notice, GTC may elect to commence a proceeding on that specific Infringement only. Any and all expenses, including reasonable attorneys’ fees, incurred with respect to the prosecution, adjudication, or settlement of such suit, including any related appeals, shall be paid for entirely by GTC. In the event GTC exercises its right to sue pursuant to this Section 13.4.2, any and all funds received due to a settlement or judgment shall be retained by GTC; and no portion of such funds shall be due to SMIG. If GTC does not exercise the rights under this Section 13.4.2 within one hundred eighty (180) days after SMIG decides not to take action on the specific Infringement, then all rights to such specific Infringement shall irrevocably revert to SMIG. GTC retains no rights to enforce any GTC-IP or IndiaCo-IP in the Territory other than as described in this subsection.
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Related to Lawsuit by GTC

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