Common use of Rights in Technology Clause in Contracts

Rights in Technology. During the term of this Agreement, each Party will use commercially reasonable efforts not to diminish the rights under its Pre-existing Inventions, Sole Inventions or Joint Inventions granted to each other herein, including without limitation by not committing or permitting any acts or omissions which would cause the breach of any agreements between itself and Third Parties which provide for intellectual property rights applicable to the development, manufacture, use or sale of Licensed Products. Each Party agrees to provide promptly the other Party with notice of any such alleged breach. As of the Effective Date, each [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

Appears in 3 contracts

Samples: Technology Transfer Agreement (Exelixis Inc), Technology Transfer Agreement (Exelixis Inc), Technology Transfer Agreement (Exelixis Inc)

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Rights in Technology. (a) During the term of this AgreementTerm, each Party will shall use commercially reasonable efforts to maintain ([ * ]) and not to diminish the rights under its Pre-existing Inventions, Sole Inventions or Joint Inventions granted to each other herein, including without limitation by not committing or permitting any acts or omissions which would cause the breach of any agreements between itself and with Third Parties which that provide for intellectual property a grant of rights applicable from such Third Party to a Party that are Controlled by such Party and are licensed or become subject to a license from such Party to the development, manufacture, use or sale of Licensed Productsother Party under Article 8. Each Party agrees to provide promptly the other Party with notice of any such alleged breachbreach or obligation to renew. As of the Effective Date, each Party is in compliance in all material respects with any aforementioned agreements with Third Parties. [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 24b-2 of the Securities Exchange Act of 19331934, as amended.

Appears in 2 contracts

Samples: Collaboration Agreement (Exelixis, Inc.), Collaboration Agreement (Exelixis Inc)

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