Improvement Patent definition
Examples of Improvement Patent in a sentence
The Requesting Party shall reasonably cooperate with and assist the Owner Party in connection with any filing, prosecution and maintenance activities undertaken by the Owner Party with respect to an Improvement Patent.
All services, costs, fees (including but not limited to maintenance fees, etc.) for an Improvement Patent shall be directly paid or reimbursed by the Requesting Party.
Ownership of an Improvement Patent that is based on or derived from Broncus Existing IP or Broncus Future IP shall reside with Broncus.
The Owner Party shall not take any action or inaction that results in the abandonment of the Improvement Patent unless required to do so by court order or the terms of a bona fide settlement agreement.
Marina Bio shall pay to MirnaRx a royalty of [***]% of the net sales of any products sold by Marina Bio or its Affiliate or sublicensee where the manufacture, use or sale of such product is claimed by a valid claim in the issued Improvement Patent Claims (where the terms “net sales” and “valid claim” have the same meanings as Net Sales and Valid Claims applied mutatis mutandis to the situation involving such product sold by Marina Bio (or its Affiliate or sublicensee) and Improvement Patent Claim).