Licensed Subject Matter definition
Examples of Licensed Subject Matter in a sentence
Each Party shall promptly notify the other Party in writing of any actual or threatened infringement, misappropriation or other violation by a third party of any Licensed Subject Matter, LICENSEE-Prosecuted Patents, LICENSEE Invention, or, if applicable, Released Patents of which it becomes aware.
Notwithstanding anything to the contrary herein, LICENSEE may at its sole discretion and expense, join as a party to a Licensed Subject Matter Enforcement Action.
Prior to commencing any action, LICENSOR shall consult with LICENSEE and shall give due consideration to LICENSEE’s recommendations regarding the proposed Licensed Subject Matter Enforcement Action.
LICENSOR shall have the first right (but not the obligation), at its own expense to control enforcement of or any declaratory judgment action with respect to the Licensed Subject Matter (“Licensed Subject Matter Enforcement Action”).
Any and all recoveries resulting from a Licensed Subject Matter Enforcement Action shall belong solely to LICENSEE.