IP Expenses definition

IP Expenses means all actual and out-of-pocket costs and expenses (including legal and other professional fees, Goods and Services Tax and stamp duties) in relation to the preparation, filing, prosecution and maintenance of the relevant Patent Application
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IP Expenses means fees, costs or other charges related to securing and maintaining intellectual property rights other than IP Fees and Translating Expenses; and (iii) "TRANSLATING EXPENSES" shall mean fees, costs or other charges related to translating patent applications.
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IP Expenses are fees, costs, or other charges related to securing and maintaining intellectual property rights other than IP Fees and Translation Expenses.
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Examples of IP Expenses in a sentence

  • For avoidance of doubt, the salaries and costs of each Party’s employees including those who are working for technology transfer office or legal affairs office of the Research Institute are not included in IP Expenses.

  • Upon the end of such sixty-day (60- day) period or other period agreed by the Parties, the designated ownership interest of such Party in such jointly owned Foreground IPR shall be assigned to the other Party paying such IP Expenses for the Foreground IPR and such Party shall execute any and all documentation necessary to perfect the ownership of the other Party in accordance with Article 9.1.3.

  • A Party who desires to stop contributing IP Expenses necessary to maintain a certain jointly owned Foreground IPR shall provide a sixty-day (60-day) prior written notice designating the Foreground IPR subject to such waiver of ownership interest to the other Party unless otherwise agreed by the Parties.

  • The IP Lead Party shall maintain adequate records showing all such IP Expenses incurred.

  • The other Party shall pay for its share of the IP Expenses after receiving an invoice for such IP Expenses.

  • A Party who desires to stop contributing IP Expenses necessary to maintain any jointly owned Intellectual Property Rights shall provide a sixty-day (60-day) prior written notice to the other Party unless otherwise agreed by the Parties.

  • Upon the end of such sixty-day (60-day) period or other period agreed by the Parties, the ownership interest of such Party in such jointly owned Intellectual Property Rights shall be assigned to the other Party paying such IP Expenses for the Intellectual Property Rights and such Party shall execute any and all documentation necessary to perfect the ownership of the other Party.

  • All such payments of further Excess IP Expenses pursuant to this Section 7.1(b)(iii) shall be made by Escrow Agent to the Company upon notice from the Company that the Company has incurred such further Excess IP Expenses.

  • For IP Expenses incurred after the Effective Date, LICENSEE shall be responsible for reimbursing its full proportional share as those IP Expenses are incurred and according to this Section 7.2. Each Annual Period, LICENSEE’s obligation to reimburse PRF for IP Expenses incurred prior to the Effective Date shall be capped at ten thousand US dollars ($10,000 USD) and shall continue until all such IP Expenses are reimbursed.

  • In addition to the rights otherwise set forth herein (including without limitation of Article 15.6), the Conversion Ratio shall be adjusted as set forth herein to increase the number of Equity Shares issuable upon conversion of the Series Al Shares, Series A2 Shares, Series B Shares and the Series C Shares in the event the Company shall incur Additional IP Expenses.