Model Right definition
Examples of Model Right in a sentence
In the event of infringement of any Patent / Utility Model Right by a Third Party, the Party first knowing of such infringement shall immediately notify the other Party thereof, substantiating any evidence of such infringement that it may possess.
If the defence of such rights involves or shall reasonably involve the defence of a Patent / Utility Model Right, the Parties shall cooperate to address such claim without litigation.
Company shall not settle or otherwise accept to settle any agreement to solve, including any that could be reachable during the course of any suit, action or legal proceeding, related to the infringement of any Patent / Utility Model Right by a Third Party without Public Body 's prior written consent in due form.
COMPANY 2 shall keep COMPANY 1 informed of the status of each such licensed Patent / Utility Model Right by a communication in writing at least in an annual base.
If litigation is required and involves a Patent / Utility Model Right, the attorney representing Company shall be chosen according to Public Body, which shall also have the right to be represented by independent counsel at its own expense and which shall be reasonably acceptable to Company.
If the defence of any Patent / Utility Model Right shall reasonably be part of this action, Company shall notify Public Body of its decision at least ninety (90) calendar days before any deadline for initiating such defence.
In the event of a claim or notice of a potential claim, inquiry or court proceeding by a Third COMPANY gainst COMPANY 2 or any of its Affiliates or Sublicensees based upon an infringement of any intellectual or industrial property right of such Third COMPANY and the exploitation of any Patent / Utility Model Right, COMPANY 2 shall immediately notify COMPANY 1, providing the related information it may possess.
Public Body does not make any representation or warranty as regards the patentability of any patent application included in the Patent / Utility Model Rights or the prospect to extent any Patent / Utility Model Right.
Company shall notify Public Body its decision on initiating any action to enforce any Patent / Utility Model Right within sixty (60) calendar days after getting notice of the infringement.
COMPANY 1 does not make any representation or warranty as regards the Patentability of any Patent application included in the Patent / Utility Model Rights or the prospect to extent any Patent / Utility Model Right.