Common use of Infringement of Patents by Third Parties Clause in Contracts

Infringement of Patents by Third Parties. Virobay will use commercially reasonable efforts to enforce Celera Patents and Virobay Patents. Virobay has the sole right to enforce the Celera Patents against Third Parties and to defend the Celera Patents against any challenge. Celera will reasonably assist and cooperate in any such enforcement or defense. Virobay will bear all costs and expenses (including attorneys’ fees) incurred by either Party after the Effective Date to carry out the activities described in this Section 7.2. Recoveries in any actions under this Section 7.2 will first be used to reimburse each Party’s costs and expenses (including attorneys’ fees) for such action. After the reimbursement of costs and expenses (“Net Recovery”), Virobay will pay to Celera out of Net Recovery an amount equal to [* * *].

Appears in 2 contracts

Samples: Assignment Agreement (Virobay Inc), Assignment Agreement (Virobay Inc)

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Infringement of Patents by Third Parties. Virobay will use commercially reasonable efforts to enforce the Celera Patents Patents, as and Virobay Patentsto the extent consistent with its business objectives. Virobay has the sole right to enforce the Celera Patents against Third Parties and to defend the Celera Patents against any challenge. Celera will reasonably assist and cooperate in any such enforcement or defense. Virobay will bear all costs and expenses (including attorneys’ fees) incurred by either Party after the Effective Date Date] to carry out the activities described in this Section 7.2. Recoveries in any actions under this Section 7.2 will first be used to reimburse each Party’s costs and expenses (including attorneys’ fees) for such action. After the reimbursement of costs and expenses (“Net Recovery”), Virobay will pay to Celera out of Net Recovery an amount equal to [* * *].

Appears in 2 contracts

Samples: Assignment Agreement (Virobay Inc), Assignment Agreement (Virobay Inc)

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