Payment of Patent Expenses. Payment of all fees and costs, including attorneys’ fees, relating to the filing, prosecution and maintenance of the Patent Rights (including without limitation interferences, reexaminations and reissues) shall be the responsibility of Company (“Patent Expenses”), whether such amounts were incurred before or after the Effective Date. As of December 12, 2019, MIT has incurred approximately [***] for such patent-related fees and costs. Without limiting Section 4.1(a)(ii) concerning Patent Expenses incurred prior to and including the Effective Date, Company shall reimburse all amounts due pursuant to this Section 6.4 within [***] of receipt of an invoice from MIT; late payments shall accrue interest pursuant to Section 4.2(e) (Late Payments). In all instances, MIT shall pay the fees prescribed for large entities to the United States Patent and Trademark Office unless otherwise agreed by the
Payment of Patent Expenses. With the concurrence of the invention Owner, a positive recommendation by a Member for patenting shall also be a commitment by that Member to pay for all (if only one member is interested) or a pro rata amount of any associated patent expenses (if more than one member is interested), and be an indication that the Member will take a non-commercial, non-exclusive, royalty- free (NERF) license for internal research & development purposes. Members, depending upon Membership Type, may seek a commercial license according to the CMaT Bylaws and Industry membership agreement. Only those Members requesting foreign patent filings shall pay foreign patent costs (pro rata based on the number of Members involved for a given jurisdiction) and be entitled to receive a license to practice the invention(s) in such foreign jurisdiction. Membership dues and/or non-cash contributions cannot be used for the payment of patent costs. The appropriate technology transfer office for each of the Partner Universities and the Lead Institute, as appropriate, will file patent applications on any Center disclosure or information recommended for patenting by Members.
Payment of Patent Expenses. Materia shall be responsible for all direct expenses incurred by BC and associated with the drafting, filing and prosecution for US and PCT applications that are subject to this Agreement. BC shall invoice MATERIA for such expenses and within [**] days after BC invoices MATERIA, MATERIA shall reimburse BC for [**] (including [**]) incurred by BC during the term of this Agreement in connection with obtaining or maintaining the PATENT RIGHTS. MATERIA may elect to have BC file foreign patent applications corresponding to the PATENT RIGHTS in such countries as MATERIA may select by written notice, and such foreign filings shall be added to PATENT RIGHTS and shall be included in the definition of PATENT RIGHTS. MATERIA shall reimburse BC for [**] (including [**]) incurred by BC during the term of this Agreement in connection with obtaining or maintaining such foreign PATENT RIGHTS. BC will manage the prosecution of the PATENT RIGHTS and will be solely responsible for the content of patent applications related thereto, however BC shall permit MATERIA to submit input into the preparation and prosecution and BC shall give full consideration to such input. To the extent that MATERIA terminates this Agreement pursuant to Paragraph 7.4 with respect to any patent application or patent, MATERIA shall have no further liability under this paragraph 4.1 for fees relating to applications or patents affected by the termination and such patents and patent applications shall be removed from the PATENT RIGHTS.
Payment of Patent Expenses. ( ) on the Within [Period] ( ) days after invoices COMPANY, COMPANY shall reimburse for all patent-related expenses (including attorneys' fees) incurred by during the term of this Agreement in connection with obtaining or maintaining the PATENT RIGHTS. During the Option Period, will notify COMPANY in writing of any pending action on the U.S. patent applications corresponding to the PATENT RIGHTS that may result in such patent-related expenses exceeding ¬ [Amount] ( ). Should COMPANY refuse to pay for such action, and if such action is necessary to retain U.S. patent rights, this agreement will terminate immediately. During the Option Period, COMPANY may elect to have file foreign patent applications corresponding to the PATENT RIGHTS in such countries as COMPANY may select by written notice on or before , and such foreign filings shall be added to Appendix A and shall be included in the definition of PATENT RIGHTS. COMPANY shall reimburse for all patent-related expenses (including attorneys' fees) incurred by during the term of this Agreement in connection with obtaining or maintaining such foreign PATENT RIGHTS.
Payment of Patent Expenses. (a) Within thirty (30) days after UMass invoices Metabolix, Metabolix shall reimburse UMass for all patent-related expenses incurred on or after the Effective Date by UMass pursuant to Section 6.1. Alternatively, at UMass' option, UMass may direct its counsel to xxxx Metabolix directly for some or all of such patent-related expenses, and Metabolix hereby agrees that in such case UMass will continue to be the sole client of such counsel, and that Metabolix will not be a client. In its discretion, UMass may obtain an estimate of significant upcoming patent expenses from the patent counsel and, following thirty (30) days prior written notice to Metabolix, Metabolix shall remit advance payment of those expenses to the retainer account of the patent counsel; provided that Metabolix shall not be require to prepay more than three (3) months of estimated expenses. Metabolix may elect, upon sixty (60) days written notice to UMass, to cease payment of the expenses associated with obtaining or maintaining patent protection for one or more Patent Rights patents or patent applications in one or more countries. IfMetabolix elects to cease payment of any patent expenses, Metabolix loses all rights under this Agreement with respect to such Patent Rights and UMass shall be free to license same to third parties. UMass will be under no obligation to pay any patent costs that Metabolix declines to pay.
Payment of Patent Expenses. [***] for all out of pocket patent-related expenses incurred by [***] pursuant to Section 6.1 during the term of this Agreement within thirty (30) days after [***]. [***] may elect, upon sixty (60) days written notice to [***], to cease payment of the expenses associated with obtaining or maintaining patent protection for one or more Patent Rights in one or more countries. In such event, [***] with respect to such Patent Rights in such countries. In the event SJCRH grants one or more licenses under Patent Rights outside of the Exclusive Field or, subject to the terms of Section 2.1 (b), within the Exclusive Field, SJCRH and Company shall [***].
Payment of Patent Expenses. Newco shall pay for the maintenance and prosecution of all patents transferred to Newco as set forth in Formation of Newco, Section 1 and as summarized in Schedule A. Newco shall not shall not bear any costs for any Sepsis patents that have been issued.
Payment of Patent Expenses. Upon exercise of the option right and execution of the documents contemplated by that option right CONNECTYX will pay all future fees for mantenance of the PATENT RIGHTS as required by the US Patent Office and have the usual and customary obligations of maintenance and defense of the Patent Rights.
Payment of Patent Expenses. After the Effective Date, the Licensee shall bear all the costs and expenses in relation to the prosecution and maintenance of the Licensed Patents incurred since filing the priority application and which as regards costs that have already been incurred and paid by Licensor will be payable: (i) in two equal tranches, the first of which will be paid within six (6) months of the Effective Date, and the second of which will be paid within twelve (12) months of the Effective Date, and (ii) subject to Licensor issuing to Licensee appropriate invoices and other reasonable documentary evidence in support of the amounts payable under this Section 6.2.
Payment of Patent Expenses. In partial consideration of the rights granted ANI under this Agreement, ANI shall reimburse University within ten (10) business days of the Effective Date for any past patent expenses (which the University is not presently compensated), as of the Effective Date in connection with obtaining the Parent Rights, but nevertheless limited to patent filing fees and attorney fees for preparing, prosecuting and defending the patent applications (“Patent-Related Expenses”), Thereafter, ANI shall reimburse University for Patent-Related Expenses as set forth In Section 3.2. below. The total amount of Parent Expense reimbursement (past and future) on patents as seen in Exhibit B, shall be limited to a total of Twenty-Five Thousand ($25,000) dollars during the Option Term.
