Common use of Domain Name Registrations Clause in Contracts

Domain Name Registrations. Biogen Idec shall have the right to register domain names incorporating the brand names for any Product in the following top-level domains: .com, .biz, .org and .info. Each Party shall have the right to register domain names incorporating the brand names for any Product in any country or region-specific top-level domain for a country or region in its Territory. For purposes of illustration, Biogen Idec would be permitted to register ▇▇▇▇▇▇▇▇.▇▇▇ and ▇▇▇▇▇▇▇▇.▇▇, and Sobi would be permitted to register ▇▇▇▇▇▇▇▇.▇▇▇.▇▇ and ▇▇▇▇▇▇▇▇.▇▇. The Party that registers a domain name will take reasonable steps to ensure that renewals for such registrations are docketed and paid in a timely manner to avoid loss of the registration. A copy of such docket shall be provided to the JPT at least every six (6) months. If a Party intends not to renew any domain name incorporating the brand name of a Product, it shall so notify the other Party in writing and the other Party shall have the right to require the Party holding the registration to transfer it to such Party free of charge prior to the date the renewal fees are due so that the other Party can renew the registration.