Common use of Termination for IP Challenge Clause in Contracts

Termination for IP Challenge. If Licensee or any Affiliate of Licensee, directly or indirectly, makes, files or maintains any claim, demand, lawsuit or cause of action to challenge the validity or enforceability of any Licensed Patent, Inhibrx may terminate this Agreement immediately upon written notice to Licensee with respect to such Licensed Patent.

Appears in 3 contracts

Sources: License Agreement (Inhibrx, Inc.), License Agreement (Inhibrx, Inc.), Licensing Agreement