Licensed Territory definition
Examples of Licensed Territory in a sentence
Moreover, any settlement by Apollomics involving the Licensed Patents (excluding Joint Patents), or by Edison involving the Licensed Patents (excluding Joint Patents) in the Licensed Territory, that (i) results in cross-licensing or (ii) results in sublicenses to Third Parties, shall require the other Party’s written consent, which shall not be unreasonably withheld, delayed or conditioned.
Apollomics shall provide E▇▇▇▇▇ with a copy of material communications from patent authorities in the Licensed Territory regarding the Licensed Patents and Joint Patents, and shall provide Edison with drafts of any material filings or responses to be made to such Patent authorities for E▇▇▇▇▇’s review and comment.
Apollomics agrees to mark or have marked with the Licensed Patents and Joint Patents to the extent consistent with applicable Law any Licensed Product sold by Apollomics in accordance with the statutes of the Licensed Territory relating to the marketing of patented articles.
As between the Parties, Apollomics shall solely bear all costs and expenses for the Development of the Licensed Product in the Licensed Territory to the extent in accordance with a budget to be agreed to between the Parties in writing, including without limitation all costs and expenses for all regulatory activities associated with the Licensed Product in the Licensed Territory.
With respect to any Apollomics Trademarks associated with the Licensed Product in the Licensed Territory, each Party shall notify the other Party promptly upon learning of any actual or alleged threatened or existing infringement of any trademark or of any unfair trade practices, trade dress imitation, passing off of counterfeit goods, or like offenses, against such trademark.