Common use of Third Party IPR Clause in Contracts

Third Party IPR. NV shall not incorporate into any NV deliverable under the Consultancy Agreement or Laboratory Services Agreement or otherwise provide Company with, any Intellectual Property Rights owned by a Third Party (the “Third Party IPR”) necessary for Company to receive the benefit of any Project Documents without first: 2.4.1 obtaining Company’s prior written consent; and 2.4.2 informing Company of the details and required uses for such Third Party IPR. In the event Company requires a license to continue to use such Third Party IPR, NV shall use commercially reasonable efforts to assist Company in obtaining a license to such Third Party IPR, at Company’s sole cost and expense (including the payments of any royalties, fees or other amounts under such license).