PPD Patents Clause Samples
The "PPD Patents" clause defines the rights and obligations related to patents owned or controlled by PPD that are relevant to the agreement. Typically, this clause outlines which patents are included, how they may be used by the other party, and any restrictions or licensing terms that apply. For example, it may specify that the counterparty is granted a non-exclusive license to use certain PPD patents in connection with the development or commercialization of a product. The core function of this clause is to clearly allocate intellectual property rights, ensuring both parties understand the scope of patent use and minimizing the risk of future disputes over patent infringement or ownership.
PPD Patents. PPD shall have the primary responsibility for, and shall use Diligent Efforts in preparing, filing, prosecuting and maintaining PPD Patents, including but not limited to those which are Royalty Patents. PPD shall provide to ▇▇▇▇▇▇▇, at least on an annual basis, with a detailed list accurately identifying the status of all PPD Patents, including but not limited to those which are Royalty Patents. PPD shall provide ▇▇▇▇▇▇▇ with a reasonable opportunity to review and comment upon draft patent applications and office action responses for such Patents. If PPD decides not to file, prosecute, or maintain any PPD Patents, PPD shall give ▇▇▇▇▇▇▇ reasonable notice of same (such notice to be provided reasonably in advance of any statutory, response, maintenance fee, or similar deadlines) and after receipt of such notice, ▇▇▇▇▇▇▇ may, upon written election to PPD, file, prosecute, or maintain such Patents in its sole discretion at its own expense and shall be made the exclusive attorney of record for such Patents. ▇▇▇▇▇▇▇ shall continue to keep PPD reasonably informed with respect to the status of such Patents and their prosecution.