Common use of Termination by Action Clause in Contracts

Termination by Action. This OPTION AGREEMENT will terminate immediately if OPTIONEE files a claim, including in any way, the assertion that any portion of PATENT RIGHTS is invalid or unenforceable where the filing is by the OPTIONEE, a third party on behalf of the OPTIONEE, or a third party at the written urging of the OPTIONEE.

Appears in 5 contracts

Samples: Option Agreement, Option Agreement, Option Agreement

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