Common use of Patent Clause in Contracts

Patent. Upon request by TRC, Owner shall deliver to TRC a full and irrevocable power of attorney authorizing TRC to apply for a United States mineral patent for all or any of the mining claims included in the Property, and Owner agrees not to object to, protest or adverse such application. If TRC, in its sole and absolute discretion, elects to apply for such a patent, application shall be made in Owner's name (unless the mining claims are Additional Lands owned by a third party). Upon request by TRC, Owner shall execute any and all documents in connection with the patent application. Any mineral patent issued with respect to the Property shall become part of the Property subject to all of the terms and conditions of this Agreement.

Appears in 3 contracts

Samples: Mineral Lease Agreement (Timberline Resources Corp), Mineral Lease Agreement (Timberline Resources Corp), Mineral Lease Agreement (Timberline Resources Corp)

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Patent. Upon request by TRC, Owner shall deliver to TRC a full and irrevocable power of attorney authorizing authorizing, and solely to be used for, TRC to apply for a United States mineral patent for all or any of the mining claims included in the Property, and Owner agrees not to object to, protest or adverse such application. If TRC, in its sole and absolute discretiondiscretion and expense, elects to apply for such a patent, application shall be made in Owner's name (unless the mining claims are Additional Lands owned by a third party). Upon request by TRC, Owner shall execute any and all documents in connection with the patent application. Any mineral patent issued with respect to the Property shall become part of the Property subject to all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Mineral Lease Agreement (Timberline Resources Corp)

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