Common use of Prosecution Cooperation Clause in Contracts

Prosecution Cooperation. Each Party shall, at its own expense, provide all reasonable assistance requested by the other Party for prosecuting any Xxxxxxx Program Patents, Licensee Program Patents, Development Program Patents or jointly owned Other Patents consistent with the terms hereof, including with respect to the timely completion of filings of prosecution papers, compliance with Applicable Laws and recording of assignments to reflect ownership consistent with the terms hereof. A Party prosecuting any Xxxxxxx Program Patents, Licensee Program Patents or Development Program Patents hereunder shall use reasonable efforts to provide the other Party with copies of all material prosecution papers as filed in or received from any patent offices. The Party prosecuting any Xxxxxxx Program Patents, Licensee Program Patents, Development Program Patents or jointly owned Other Patents hereunder shall, on an annual basis during the Term, provide the other Party with a report identifying the status of any such Patent Rights; provided, however, that for Joint Development Program Patents or jointly owned Other Patents, the Parties shall cooperate to jointly prepare such status report.

Appears in 2 contracts

Samples: License and Option Agreement (Tracon Pharmaceuticals, Inc.), License and Option Agreement (Tracon Pharmaceuticals, Inc.)

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Prosecution Cooperation. Each Party shall, at its own expense, provide all reasonable assistance requested by the other Party for prosecuting any Xxxxxxx TRACON Program Patents, Licensee Program Patents, Development Xxxxxxx Program Patents or jointly owned Other Development Program Patents consistent with the terms hereof, including with respect to the timely completion of filings of prosecution papers, compliance with Applicable Laws and recording of assignments to reflect ownership consistent with the terms hereof. A Party prosecuting any Xxxxxxx TRACON Program Patents, Licensee Xxxxxxx Program Patents or Development Program Patents hereunder shall use reasonable efforts to provide the other Party with copies of all material prosecution papers as filed in or received from any patent offices. The Party prosecuting any Xxxxxxx TRACON Program Patents, Licensee Program Patents, Development Xxxxxxx Program Patents or jointly owned Other Development Program Patents hereunder shall, on an annual basis during the Term, provide the other Party with a report identifying the status of any such Patent Rights; provided, however, that for Joint Development Program Patents or jointly owned Other Patents, the Parties shall cooperate to jointly prepare such status report.

Appears in 2 contracts

Samples: License and Option Agreement (Tracon Pharmaceuticals, Inc.), License and Option Agreement (Tracon Pharmaceuticals, Inc.)

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