WUSTL definition
Examples of WUSTL in a sentence
WUSTL is or may be subject to statutes and regulations of the U.S. Government relating to exportation of technical data, computer software, laboratory prototypes, and other commodities, and its obligations hereunder are subject to compliance with applicable law (including the Arms Export Control Act, 22 U.S.C. Section 2751 et seq.
WUSTL reserves the right to require Licensee to adjust the insurance coverage by modifying the types of required coverages, the limits and/or financial rating and/or the method of financial rating of Licensee’s insurers as such changes are required of WUSTL by its insurance carrier.
WUSTL will select qualified outside patent counsel reasonably acceptable to Licensee and corresponding foreign associates to prepare, file, prosecute and maintain U.S. patents/applications and foreign counterparts within the Patent Rights.
Licensee agrees to notify WUSTL before Licensee sends WUSTL any export-controlled information or technology.
This Agreement, together with any exhibits which are attached hereto and referenced in this Agreement, constitutes the complete and final Agreement and understanding between WUSTL and Licensee with respect to the subject matter hereof, and supersedes and merges all prior and contemporaneous agreements, negotiations, and understandings between WUSTL and Licensee, both oral and written, with respect to the subject matter hereof.
No license or right is granted by WUSTL, by implication or otherwise, to any patent other than the Patent Rights.
For the avoidance of doubt, the expiration or earlier termination of this Agreement shall not relieve Licensee of its obligation to account for and make payment to WUSTL of any amount due hereunder including, without limitation, any royalties accrued during the term of this Agreement and amounts under Section 9.3 above.
For purposes of this Section 9.3, a cost or expense shall be deemed to be incurred by WUSTL on the earlier of (a) the date WUSTL actually pays the cost or expense, or (b) the date WUSTL becomes obligated to pay the cost or expense (which, for example, shall be the date WUSTL engages a third party to perform any service which gives rise to any such cost or expense).
Licensee may terminate this Agreement by giving notice thereof to WUSTL in the event WUSTL commits a breach of any provision of this Agreement and fails to cure such breach within ninety (90) days after the day that Licensee gives notice to WUSTL of such breach, and such termination shall be effective on the date such notice of termination is given.
If Licensee fails or declines to take any action under this Section 10.2.1 within a reasonable time after learning of the infringement of the Patent Rights, WUSTL shall have the right (but not the obligation) to take appropriate actions including, without limitation, filing a lawsuit, and Licensee will provide reasonable assistance to WUSTL in prosecuting, resolving and/or settling any such actions.