Patent Rights definition
Examples of Patent Rights in a sentence
Upon the expiration of such sixty (60)-day period, such patents and/or patent applications will no longer be included in the PATENT RIGHTS (and this Agreement is deemed to be so amended accordingly), and LICENSEE surrenders all rights under this Agreement to such patents, patent applications, and any patent or patent applications arising therefrom.
LICENSEE must provide notice to DUKE immediately in writing if LICENSEE ceases to pursue commercial development of the PATENT RIGHTS or KNOW-HOW in any specific country in the TERRITORY as contemplated herein.
LICENSEE shall not file any suit without (a) first performing a reasonably thorough, diligent investigation of the merits of such suit, including with respect to the validity and enforceability of the PATENT RIGHTS; and (b) notifying DUKE twenty days before any such filing.
LICENSEE shall have an option for a period of three (3) months from disclosure of an IMPROVEMENT to request that: (a) patentable IMPROVEMENTS be added to the list of PATENT RIGHTS and/or (b) non-patentable IMPROVEMENTS be added as KNOW-HOW to Exhibit B of the Agreement, in both cases by mutual agreement of the parties and on the same terms of the Agreement.
LICENSEE will provide, or direct outside patent counsel to provide, DUKE with copies of all applications in the PATENT RIGHTS and all patents that issue from the PATENT RIGHTS, including copies of all office actions, responses and all other material communications from the U.S. Patent and Trademark Office and the patent offices in any other jurisdictions.