Valid Claim definition
Examples of Valid Claim in a sentence
In order to be a Valid Claim, any claim being prosecuted in a pending patent application must be prosecuted in good faith and not have been pending for more than seven years from the filing date of the first utility patent application (or equivalent concept in any such country) in the patent application family in the country in question, in which case it will cease to be considered a Valid Claim until the patent issues and recites said claim.
For clarity, if there was never a Valid Claim of a CHERRY Patent or the S▇▇▇▇▇▇ Patent or an Improvement in a country Covering the VERAXA Hemibody Product or uses thereof of such VERAXA Hemibody Product, then no royalties shall be due for such VERAXA Hemibody Product in such country.
If, on a country-by-country basis, the expiration, invalidation or abandonment of the last to expire Valid Claim of a CHERRY Patent or the S▇▇▇▇▇▇ Patent or an Improvement Covering a VERAXA Hemibody Product or uses thereof in such country occurs before the ten (10) year term, the royalty rates listed in the table above will be reduced by [***] percent ([***]) in that specific country for the term remaining until the end of the ten (10) year term.