Common use of Reimbursement for Patent Expenses Clause in Contracts

Reimbursement for Patent Expenses. (i) COMPANY shall reimburse EMORY for all fees, costs, and expenses incurred by EMORY after the Effective Date and during the term of this Agreement related to Prosecuting or Maintaining the Licensed Patents in the Licensed Territory. COMPANY shall deliver such payment to EMORY within thirty (30) days after EMORY notifies COMPANY of the amount of such fees, costs, and expenses. To the extent that COMPANY does not remit payment of any uncontested amounts within sixty (60) days of notification, a late payment charge of one percent (1%) per month will be assessed against the COMPANY.

Reimbursement for Patent Expenses. (i) 3.7.1. COMPANY shall reimburse EMORY for all fees, costs, and expenses incurred by EMORY after the Effective Date and during the term of this Agreement related to Prosecuting or Maintaining the Licensed Patents in the Licensed Territory. COMPANY shall deliver such payment to EMORY within thirty (30) days after EMORY notifies COMPANY of the amount of such fees, costs, and expenses. To the extent that COMPANY does not remit payment of any uncontested amounts within sixty (60) days of notification, a late payment charge of one and one-half percent (1%) per month will may be assessed against the COMPANY.

Reimbursement for Patent Expenses. (i) COMPANY shall reimburse EMORY LICENSOR for all reasonable fees, costs, and expenses incurred by EMORY LICENSOR after the Effective Date and during the term of this Agreement related to Prosecuting or Maintaining filing, prosecuting, and maintaining the Licensed Patents in the Licensed Territory. COMPANY shall deliver such payment to EMORY LICENSOR within thirty (30) days after EMORY LICENSOR notifies COMPANY of the amount of such fees, costs, and expenses. To the extent that COMPANY does not remit payment of any uncontested patent payment amounts within sixty (60) days of notification, a late payment charge of one and one-half percent (11.5%) per month will be assessed against the COMPANY.