Licensed Patent Rights definition
Examples of Licensed Patent Rights in a sentence
In the event the Licensee decides to abandon or no longer continue the prosecution of any patent application or issued patent as stated in 7.3, the Licensed Patent Rights granted to Licensee in the abandoned or discontinued patent or patent application shall also terminate on the effective date of the abandonment.
No multiple royalties shall be payable because any Licensed Products or Licensed Processes are covered by more than one of the Licensed Patent Rights.
The Licensee and its attorneys or agents shall consult with Leidos Biomedical reasonably and as practicable in the preparation, filing, prosecution and maintenance of patent applications and patents included within the Licensed Patent Rights and shall provide Leidos Biomedical with sufficient opportunity to comment on any patent filing or response to office action that the Licensee intends to file or to cause to be filed with the relevant intellectual property or patent office.
Unless otherwise specifically provided for under this Agreement, upon termination or expiration of this Agreement, the Licensee shall return all Licensed Products or other materials included within the Licensed Patent Rights to Leidos Biomedical or provide Leidos Biomedical with certification of the destruction thereof.
If additional Licensed Patent Rights are added to Appendix C in accordance with Paragraph 3.3, an additional License Issuance Fee payment may become due for the additional Licensed Patent Rights.