Common use of Licensor Prosecution Clause in Contracts

Licensor Prosecution. In the event that Licensor takes action under Section 2.2(a), Licensee shall cooperate fully with Licensor in such action, provided that Licensee is reimbursed for all of its reasonable out-of-pocket expenses incurred in connection with such cooperation. Licensor shall keep Licensee informed on all material developments throughout the progress of any such action. The Licensor shall retain all amounts recovered, whether by judgment, award, settlement, license, sublicense or otherwise, in any such action.

Appears in 2 contracts

Sources: Patent License Agreement (Spectra Physics Lasers Inc), Patent License Agreement (Spectra Physics Lasers Inc)