Patent Cost definition

Patent Cost means the reasonable out-of-pocket costs and expenses (including the fees and expenses paid to outside counsel and filing and maintenance fees paid to governmental authorities) incurred and recorded as an expense by a party or any of its Affiliates after the Effective Date, during the Term of and pursuant to the Agreement, (a) in connection with the Prosecution of FivePrime Patents and (b) the reasonable costs and expenses for litigation (enforcement or defense) or other proceedings with respect to FivePrime Patents. For the avoidance of doubt, “Patent Costs” shall not include damages awarded by a court or other governmental authority or monetary settlements entered into by the litigants.
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Patent Cost. Reimbursement: Promicell shall reimburse MSK for its Patent Expenses for the period from the Effective Date until the end of the Term, provided that if MSK licenses any of the Patent Rights to one or more third parties, Promicell shall only be required to reimburse a pro rata (1/n, where n is the number of licensees) share of Patent Expenses for such Patent Rights, as applicable. During the period from the Effective Date until the end of the Term, MSK shall submit an invoice and request for payment of Patent Expenses at least once per calendar quarter, and Promicell shall pay such Patent Expenses within 30 days of receiving such invoice. Furthermore, within 30 days of the Effective Date, Promicell shall reimburse MSK for any otherwise unreimbursed out-of-pocket Patent Expenses incurred prior to the Effective Date, which are approximately $[***].
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Patent Cost means the costs incurred by Cohesion in connection with the preparation, filing, prosecution and maintenance of the Cohesion Patents.
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Examples of Patent Cost in a sentence

  • The Regents shall have no requirement to file, prosecute, or maintain Regents’ Patent Rights if Licensee is not current with its Patent Cost obligations as set forth in this Article 7.

  • The costs of filing, prosecuting, and maintaining any Project Patent assumed by a Party pursuant to this Section 10.3.3 shall be the responsibility of such Party (but only if and to the extent such Party, in its sole discretion, decides to incur such costs), and shall not be considered a Shared Patent Cost under Section 10.3.3(a).

  • In the event that Penn licenses any Penn Patent Right in a field separate from the Field to a Third Party, Penn will use Commercially Reasonable Efforts to obtain from such Third Party a pro-rata portion of the relevant historical costs previously incurred (which amount will be offset from Licensee’s Patent Costs obligation), and upon execution of such Third Party license agreement, Licensee’s ongoing Patent Cost obligation will be a pro-rata portion of such Patent Costs.

  • For all Patent Costs, Foundation may, at its option: (i) invoice Licensee directly; or (ii) have the law firm or other entity providing the patent-related services to send a copy of each Patent Cost invoice to Licensee for direct payment by Licensee of such Patent Cost expenses.

  • For all Patent Costs, Foundation may, at its option and for each Patent Cost incurred: (i) invoice Licensee directly; or (ii) have the law firm or other entity providing the patent-related services send a copy of each Patent Cost invoice to Licensee for direct payment by Licensee of such Patent Cost expenses.

  • Licensee is responsible for paying any Patent Cost incurred prior to the end of the three (3) month notice period.

  • In the event LICENSEE elects not to continue the LICENSE under and the payment for the Patent Cost on any, but not all, of the patents, patent applications, and provisional applications listed in Schedule 1 (“Suspended Patent License”), LICENSEE shall provide a written notice (“Notice of Payment Suspension”) to LICENCEE, in which case the LICENSE granted to LICENSEE on the Suspended Patent License shall end sixty (60) days after the date of receipt of such Notice of Payment Suspension (the “End Date”).

  • If a specific Patent Cost is estimated to be greater than ten thousand dollars ($10,000) or if Licensee has not timely reimbursed ULRF for ongoing Patent Costs, then ULRF, at its sole discretion, may require that Licensee deposit with ULRF a reasonable amount, as based on patent counsel’s estimate or invoice, as an advance against anticipated significant Patent Costs, such as new patent application filings, maintenance fees, or annuities.

  • Reimbursement for Patent Costs incurred after the Effective Date, or Patent Costs incurred before the Effective Date which are not included in the Pre-agreement Expenses stated above, shall be paid by Company subsequent to invoicing in accordance with Section 7.3. Reimbursement of NU for Pre-agreement Expenses and other Patent Costs shall be according to the Minimum Patent Cost Reimbursement Schedule in Table 2 below.

  • After the Effective Date, Licensee shall, within [***] days after the receipt of a Patent Cost Invoice, reimburse the University in the full amount of such Patent Costs set forth in the applicable Patent Cost Invoice, unless Licensee disputes such patent costs in good faith, in which event Licensee shall pay the undisputed amount and the dispute shall be resolved in accordance with Section 10.01.