Common use of Enforcement Responsibility Clause in Contracts

Enforcement Responsibility. Nuvelo, as exclusive commercial licensee, has the first right, but not the obligation, to solely enforce all Compound Patent Rights against any actual or suspected Third Party infringer in the Field. Such enforcement will be in Nuvelo’s own name and entirely under its own direction and control, and Nuvelo may settle any such action, proceeding or dispute by license, subject to the remainder of this Section 9.3(b). Unless Archemix exercises its Profit Share Option, in which event Section 7.5 shall apply, or unless otherwise provided below, Nuvelo will be solely responsible for all costs incurred in this Section 9.3(b).

Appears in 3 contracts

Sources: Collaboration and License Agreement (Nuvelo Inc), Collaboration and License Agreement (Archemix Corp.), Collaboration and License Agreement (Nitromed Inc)