Common use of Registration and Protection Clause in Contracts

Registration and Protection. The parties agree that they shall cooperate reasonably and in good faith to jointly decide the manner in which their joint interests in the Developed Technology shall be perfected and enforced. Specifically, the parties shall jointly decide: (i) the subject matter for which patent applications and applications for copyright registrations will be prepared; (ii) the resources to be utilized in the preparation and prosecution of such applications; (iii) the parties' rights to review and/or approve such applications and other papers prior to filling in, or submission to, the United States Patent and Trademark Office and/or with the Registrar of Copyrights; (iv) the allocation of expenses incurred in the preparation, prosecution and maintenance of patent applications, patents, and copyright registrations and the like; (v) matters regarding the enforcement, through litigation, licensing or otherwise of the technology against third parties; or (vi) as mutually agree otherwise by the parties. Should a party choose not to or fail to participate in securing or protecting an element of such Developed Technology, the other party may secure or protect its claims to such technology and shall be entitled to reap the benefit of its efforts without accounting to the other party, including without limitation retaining the full amount of any settlement or damage award from a third party.