IP Application definition
Examples of IP Application in a sentence
In the event that the IP Lead Party anticipates the possibility of any extraordinary expenditure of more than […***…] in relation to any single event arising from the preparation, filing, prosecution or maintenance of any such IP Application, the IP Lead Party shall provide the other Party with full particulars and shall discuss with the other Party a mutually acceptable course of action prior to incurring such expenditure.
The Acquired Companies have timely responded to all office actions or other comments, actions or filings of any kind made by any Governmental Entities with respect to any IP Application.
If Licensor files a patent application, a trademark application, or a copyright registration, (an “IP Application”) for any Improvement, Licensor shall provide written notice (the “Improvement Notice”) to Licensee within 10 business days after such creation or the filing date of the patent, trademark, or copyright application with a copy of the IP Application and such other details of the Improvement as Licensee reasonably requires to effectively evaluate the Improvement.
To Seller’s Knowledge, Seller has timely and fully responded to all office actions or other comments, actions or filings of any kind made by any governmental entity with respect to any IP Application to full satisfaction of the applicable governmental entity.
Any Improvement developed by Licensor which is not covered by an IP Application shall automatically be included in the Technology.
In consideration for the IP assignment granted hereunder, SureScreen agrees to pay to LICENSOR, during the Term of this Agreement, a royalty in the amount of Two Percent (2%) of the net income before taxes of SureScreen derived from the sale of products using the technology embodied in the IP for detecting HPV in women’s genitalia, as now developed by AVM and as described in the pending U.S. IP Application, Serial Number 11/352,540 (the “Products”).
Licensee may include any IP Application covering Improvements as Technology under this Agreement by providing written notice to Licensor within 10 days after the Improvement Notice identifying the IP Applications Licensee chooses to include as Technology.
To Seller’s Knowledge, there is no currently existing reason or basis why any pending IP Application which has not been abandoned by Seller should not be granted or any Seller’s Patent should not be held valid or enforceable.