Common use of Patent Application Clause in Contracts

Patent Application. Sterling may, at its expense, seek to patent, in Shoshone’s name, any and all of the unpatented mining claims part of the Property. Shoshone pledges full cooperation to Sterling in executing any documents necessary to accomplish patenting if so desired by Sterling. If Sterling begins patent proceedings and Sterling desires to discontinue them, or if this Agreement is terminated while patent proceedings are pending, Sterling shall have no further obligation with respect thereto, except to pay any unpaid expenses accrued in such proceedings prior to its request to discontinue, or prior to termination, whichever occurs first. If the patent application results in cancellation of any unpatented claims, Sterling shall not be liable for any claims, losses or damages resulting from such cancellation. Shoshone appoints Sterling as Shoshone’s lawful attorney-in-fact for the purpose of patent applications. All patents shall be part of the Property and the parties will promptly after issuance of each patent execute and deliver an addendum to this Agreement and a memorandum of this Agreement to such effect.

Patent Application. Sterling may, at its expense, seek to patent, patent in ShoshoneSunshine’s name, name any and all of the unpatented mining claims which are part of the Property. Shoshone Sunshine pledges full cooperation to Sterling in executing any documents necessary to accomplish patenting if so desired by Sterling. If Sterling begins patent proceedings and Sterling desires to discontinue them, or if this Agreement Lease is terminated while patent proceedings are pending, Sterling shall have no further obligation with respect thereto, except to notify Sunshine of its actions and provide Sunshine with all relevant documentation; to pay any unpaid expenses accrued in such proceedings prior to its request to discontinue, or prior to termination, whichever occurs first. If the patent application results in cancellation of any unpatented claims, Sterling shall not be liable for any claims, losses or damages resulting from such cancellation. Shoshone appoints Sterling as Shoshone’s lawful attorney-in-fact for the purpose of patent applications. All patents shall be part of the Property and the parties will promptly promptly, after issuance of each patent patent, execute and deliver an addendum to this Agreement Lease and a memorandum of this Agreement Lease to such effect.