Common use of Relinquishing Rights Clause in Contracts

Relinquishing Rights. Akouos may surrender its licenses under any of the patents or patent applications within the Ancestral Technology Patent Rights and/or BCH Patent Rights in any country of the Territory by giving [**] advance written notice to MEE. However, if Akouos is surrendering any patent or application within such Patent Rights on which an interference proceeding or opposition has been declared or filed, the notice period is [**]. If Akouos so surrenders its rights, it will remain responsible for its portion of the patent-related expenses incurred by MEE during the applicable notice period. Thereafter, Akouos will have no further obligation to pay any patent expenses for the patents or patent applications that it surrendered. Notwithstanding the foregoing, if such surrender is with respect to all Patent Rights in all countries licensed to Akouos under this Agreement, and thus results in termination of all of Akouos’ other rights under this Agreement, then the termination notice provision in Section 10.3 below shall apply.

Relinquishing Rights. Akouos may surrender its licenses under any of the patents or patent applications within the Ancestral Technology Patent Rights and/or BCH Patent Rights in any country of the Territory by giving [**] advance written notice to MEELonza. However, if Akouos is surrendering any patent or application within such the Ancestral Technology Patent Rights on which an interference proceeding or opposition has been declared or filed, the notice period is [**]. If Akouos so surrenders its rights, it will remain responsible for its portion of the patent-related expenses incurred by MEE Lonza during the applicable notice period. Thereafter, Akouos will have no further obligation to pay any patent expenses for the patents or patent applications that it surrendered. Notwithstanding the foregoing, if such surrender is with respect to all Ancestral Technology Patent Rights in all countries licensed to Akouos under this Agreement, and thus results in termination of all of Akouos’ other rights under this Agreement, then the termination notice provision in Section 10.3 below shall apply.