Examples of Licensed Patent Rights in a sentence
The foregoing notwithstanding, without the consent of Licensor, Licensee may state that it is licensed by Licensor under one or more of the patents and/or patent applications comprising the Licensed Patent Rights.
Attached as Exhibit B is a development plan detailing Licensee’s development efforts in connection with Licensed Patent Rights and Licensed Know-How (as updated from time to time pursuant to the terms hereto, the “Development Plan”).
Licensor desires to have the Licensed Patent Rights and Licensed Know-How developed and commercialized in the Field and is willing to grant an exclusive license thereunder.
Each party agrees to provide written notice to the other party promptly after becoming aware of any infringement of the Licensed Patent Rights.
In the event that a declaratory judgment action is brought against Licensor or Licensee by a third-party alleging invalidity, unenforceability, or non-infringement of the Licensed Patent Rights, Licensor, at its option, shall have the right within twenty (20) days after commencement of such action to take over the sole defense of the action at its own expense.