MKG definition
Examples of MKG in a sentence
In the event that the Originating Party enters into an agreement with a Third Party pursuant to clause (c) hereof and such Third Party will use data generated during the Program, then the Originating Party shall provide in such agreement that such Third Party shall reimburse the non-Originating Party for the perceived value of such data, such value to be negotiated in good faith by MKG and Metasyn taking into account the financial contributions of both Parties to the generation of such data.
MKG has full power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby and this Agreement constitutes the legal and valid binding agreement of MKG, enforceable in accordance with its terms, except as the enforceability thereof may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other laws affecting the enforcement of creditors’ rights generally, and by general principles of equity.
In the event that a declaratory judgment action alleging invalidity or non-infringement of any of the MKG Patent Rights in the Territory shall be brought against either Party, the Party against which such action is brought shall notify the other Party in writing.
In any infringement suit instituted to enforce the MKG Patent Rights pursuant to this Agreement, each Party shall cooperate in all respects and, to the extent possible, have its employees testify when requested and make available relevant records, papers, information, samples and the like.
MKG agrees that it will not abandon the prosecution of any patent application included within the MKG Patent Rights nor shall it fail to make any payment or fail to take any other action necessary to maintain any patent under the MKG Patent Rights.
MKG shall inform Metasyn promptly in writing of any alleged infringement of MGH Patent Rights licensed hereunder to MKG in the Territory by a Third Party of which it shall have knowledge and provide any available evidence of such infringement to Metasyn and Metasyn, in turn, shall promptly inform MGH of such alleged infringement of the MGH Patent Rights.
Within seven (7) days of the parties’ execution of this Agreement or other time period mutually agreed to by the parties, the Foundation will deliver to MKG stock certificates representing the Foundation’s Common Stock Shares, which certificates shall be accompanied by duly executed assignment documents, provided that the Foundation has received at that time full payment of the One Thousand Dollars.
Within seven (7) days of the parties’ execution of this Agreement or other time period mutually agreed to by the parties, LFCG will deliver to MKG stock certificates representing the LFCG Common Stock Shares, which certificate shall be, at MKG’s sole discretion, (a) registered in the name of MKG or the name of its nominee; (b) endorsed in blank; or (c) accompanied by duly executed assignment documents.
A steering committee comprised of three (3) named representatives of MKG and three (3) named representatives of Metasyn (the "Joint Steering Committee") shall be appointed and shall meet as needed but not less than once each calendar quarter.
MKG shall have the exclusive right to market and distribute (by itself or through others) the Licensed Products in the Territory subject to Metasyn's right to co- promote set forth in Section 6.6 below.