Common use of Updating Clause in Contracts

Updating. Each Party shall keep the other reasonably informed of developments in any action or proceeding relating to the potential infringement of the claims of a Patent Right relating to the Lead Carrier, the Commercial Carrier or the Back-Up Carrier including, to the extent permissible by law, the state of any settlement negotiations and the terms of any offer related thereto.

Appears in 7 contracts

Sources: Research Collaboration License Agreement (Emisphere Technologies Inc), Research Collaboration License Agreement (Emisphere Technologies Inc), Research Collaboration License Agreement (Emisphere Technologies Inc)