Prosecute definition
Examples of Prosecute in a sentence
In the event [***] decides not to Prosecute or intends to abandon the registration or application of any rights in and to any Foundational IP in any jurisdiction in the Territory, [***] shall provide [***] with written notice of such circumstance as promptly as practicable, and, upon [***] request, [***] shall have the right to undertake Prosecution of such Foundational IP in such jurisdiction at its sole cost and expense.
If Licensee wishes for Vir Bio to abandon or elect not to Prosecute a Licensed Patent in the Territory (including, for clarity an election to not pursue validation in one (1) or more member states under the European Patent Convention), the Parties shall discuss and reasonably agree in good faith the appropriate course of action having regard to the commercial potential of the Licensed Products in that country and the commercial value of the patent in question.
As between the Parties, Vir Bio shall have the sole right, but not the obligation, to Prosecute all Licensed Patents in the Territory (subject to discussion with the JSC in accordance with Section 7.1.2(e)) and in the Vir Bio Territory, using counsel of its choice.