Common use of Patent Expenses and Reimbursement Clause in Contracts

Patent Expenses and Reimbursement. 4.1 Rice shall work closely with Licensee to develop a suitable strategy for the prosecution and maintenance of Rice Patents; provided that Xxxx shall maintain final authority in all decisions regarding the prosecution and maintenance of Rice Patents. Licensee shall promptly reimburse Rice for all documented attorneys' fees, expenses, official fees and other charges incident to the preparation, prosecution and maintenance of Rice Patents according to the following schedule: For any Rice Patent under exclusive license in another field of use 50% For any Rice Patent under which Licensee is the sole exclusive licensee 100% pursuant to the strategy developed by Xxxx in consultation with Licensee, including all patent expenses incurred by Xxxx related to the prosecution and maintenance of Rice Patents prior to the Effective Date of this Agreement.. Licensee shall not be liable for fees and expenses associated with the preparation, prosecution and maintenance of Rice Patents that Licensee has specifically advised Xxxx in writing that it does not desire to pursue. Licensee may elect to surrender Rice Patent Rights in any country upon at least sixty (60) days’ prior written notice to Xxxx. Such notice shall not relieve Licensee from responsibility to reimburse Rice for patent-related expenses incurred prior to the expiration of the sixty (60) day notice period (or such longer period specified in Licensee’s notice). Rice shall provide Licensee with itemized statements reflecting the expenses owed to Xxxx for the preparation, prosecution and maintenance of Rice Patents, and Licensee shall reimburse Rice for such expenses within thirty (30) days after receipt of such statement.

Appears in 2 contracts

Samples: License Agreement (Quantum Materials Corp.), License Agreement (Quantum Materials Corp.)

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Patent Expenses and Reimbursement. 4.1 Rice shall work closely with Licensee to develop a suitable strategy for the prosecution and maintenance of Rice Patents; provided that Xxxx shall maintain final authority in all decisions regarding the prosecution and maintenance of Rice Patents. Licensee shall promptly reimburse Rice Xxxx for all documented attorneys' fees, expenses, official fees and other charges incident to the preparation, prosecution and maintenance of Rice Patents according to the following schedule: For any Rice Patent under exclusive license in another field of use 50% For any Rice Patent under which Licensee is the sole exclusive licensee 100% %, pursuant to the strategy developed by Xxxx in consultation with Licensee, including all patent expenses incurred by Xxxx related to the prosecution and maintenance of Rice Patents prior to the Effective Date of this Agreement.. . Licensee shall not be liable for fees and expenses associated with the preparation, prosecution and maintenance of Rice Patents that Licensee has specifically advised Xxxx in writing that it does not desire to pursue. Licensee may elect to surrender Rice Patent Rights in any country upon at least sixty (60) days’ prior written notice to Xxxx. Such notice shall not relieve Licensee from responsibility to reimburse Rice for patent-related expenses incurred prior to the expiration of the sixty (60) day notice period (or such longer period specified in Licensee’s notice). Rice shall provide Licensee with itemized statements reflecting the expenses owed to Xxxx for the preparation, prosecution and maintenance of Rice Patents, and Licensee shall reimburse Rice for such expenses within thirty (30) days after receipt of such statement.

Appears in 1 contract

Samples: License Agreement (Quantum Materials Corp.)

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Patent Expenses and Reimbursement. 4.1 Rice shall work closely with Licensee to develop a suitable strategy for the prosecution and maintenance of Rice Patents; provided that Xxxx Rice shall maintain final authority in all decisions regarding the prosecution and maintenance of Rice Patents. Licensee shall promptly reimburse Rice for all documented attorneys' fees, expenses, official fees and other charges incident to the preparation, prosecution and maintenance of Rice Patents according to the following schedule: For any Rice Patent under exclusive license in another field of use 50% For any Rice Patent under which Licensee is the sole exclusive licensee 100% pursuant to the strategy developed by Xxxx Rice Solterra Renewable Technologies, Inc. 7 in consultation with Licensee, including all patent expenses incurred by Xxxx Rice related to the prosecution and maintenance of Rice Patents prior to the Effective Date of this Agreement.. Licensee shall not be liable for fees and expenses associated with the preparation, prosecution and maintenance of Rice Patents that Licensee has specifically advised Xxxx Rice in writing that it does not desire to pursue. Licensee may elect to surrender Rice Patent Rights in any country upon at least sixty (60) days’ prior written notice to XxxxRice. Such notice shall not relieve Licensee from responsibility to reimburse Rice for patent-related expenses incurred prior to the expiration of the sixty (60) day notice period (or such longer period specified in Licensee’s notice). Rice shall provide Licensee with itemized statements reflecting the expenses owed to Xxxx Rice for the preparation, prosecution and maintenance of Rice Patents, and Licensee shall reimburse Rice for such expenses within thirty (30) days after receipt of such statement.

Appears in 1 contract

Samples: License Agreement (Hague Corp.)

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