Licensor Sole Right Clause Samples
Licensor Sole Right. Licensor shall have the sole right, but not the obligation, at its own expense, to take all steps that, in Licensor’s sole discretion, are necessary or appropriate to protect and to enforce any of the Technology and Intellectual Property Rights including the initiation of legal proceedings against any third party who has infringed or ever infringes any Technology and Intellectual Property Rights. Any damage, cost, award fee, recovery, or compensation paid by any third party in connection with any proceeding initiated or carried on at Licensor expense (whether by way of settlement or otherwise) shall be retained by Licensor. Licensor shall not enter into any settlement, consent judgment, or any other voluntary final disposition of any infringement action under this section without the prior written consent of Licensee and Sublicensee.
Licensor Sole Right. Prior to (I) Development Candidate Designation, with respect to the [***] Research Program or (II) the License Effective Date, with respect to each Immunology Research Program, as between the Parties, Licensor shall have the sole right, but not the obligation, to bring and control any legal action or proceeding against any Person engaged in any Product Infringement of a Licensor Foreground Research Patent or other Licensed Patent at its cost and expense.