Expenses and proceeds of litigation Clause Samples

The "Expenses and proceeds of litigation" clause defines how costs and financial recoveries related to legal proceedings are handled between the parties. Typically, it specifies which party is responsible for paying legal fees, court costs, and other expenses incurred during litigation, and how any monetary awards or settlements are to be distributed. For example, the clause may state that each party bears its own costs, or that one party will reimburse the other, and it may outline how recovered damages are shared. This clause ensures clarity and fairness in the allocation of both the burdens and benefits arising from legal action, helping to prevent disputes over financial responsibilities and entitlements during or after litigation.
Expenses and proceeds of litigation. Where a suit or suits have been brought by Licensee, Licensee shall maintain the litigation at its own expense and shall keep any judgments and awards arising from these suits expecting that portion of the judgments attributable to royalties from the infringer shall be divided equally between Licensor and Licensee after deducting any and all expenses of such suits; provided, however, Licensor shall not be entitled to receive more under this provision than if the infringer had been licensed by Licensee.
View SourceView Similar (16)
Expenses and proceeds of litigation. Recoveries or reimbursements from actions commenced pursuant to this Article 11 shall first be applied to reimburse the Licensee and the Licensor for litigation costs. Any remaining recovering or reimbursements shall be kept wholly by the Licensee if the Licensor did not join the action as a party, and equally by the Licensee and the Licensor if the Licensor elected to join the action as a party.
View SourceView Similar (2)
Expenses and proceeds of litigation. Where a suit or suits have been brought by Licensee, Licensee shall maintain the litigation at its own expense and shall retain any judgments or awards derived from the litigations except that the portion of any judgment attributable to royalties from the infringer shall be paid based on the Membership interest distributions to Licensor and Licensee after deducting any and all expenses of such litigation.
View Source
Expenses and proceeds of litigation. Where a patent infringement suit is brought by Licensee, Licensee shall maintain the litigation at its own expense and shall maintain the litigation at its sole discretion. If the patent infringement litigation, or a contemplated patent infringement litigation, results in a Fee, Licensee shall pay an Allotment of Forty percent (40%) of said Fee to Licensor. O. Article ▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇, ▇ ▇▇▇ ▇ ▇▇▇▇▇ ▇▇ amended to read as follows: 1. Licensee shall pay future costs of the prosecution of the Patent Applications pending, as set forth in the Licensed Patent Rights, as reasonably necessary to obtain a patent. Furthermore, Licensee will pay for the costs of filling, prosecuting and maintaining foreign counterpart applications to such pending Patent Applications, such foreign applications to be filed within ten (10) months of the filling date of the corresponding United States patent application. 2. Licensee shall own improvements by the inventors. Licensee shall pay future costs of preparation, filling, prosecuting and maintenance of patents and applications on patentable improvements made by inventors. Licensee shall retain all rights to future improvements by the inventors as expressed in this agreement for current assets and rights described herein.
View Source
Expenses and proceeds of litigation. Each party shall recover its respective actual out-of-pocket expenses, or equitable proportions thereof, associated with any litigation or settlement contemplated hereby from any recovery made by that party. The party conducting the litigation shall be entitled to retain the damages, if any, awarded to it, provided that such party shall be obligated to pay royalties on such amount of the award as was based on an approximation of lost sales of a product as if such part of the award were part of the net sales or other applicable royalty base for such product.
View Source
Expenses and proceeds of litigation. Where an action has been brought by SELLER, SELLER shall maintain the litigation at its own expense and shall keep any judgments and awards arising from such action. Where an action has been brought by BUYER, BUYER shall maintain the litigation at its own expense and shall be entitled to keep any judgments and awards arising from such action.
View Source

Related to Expenses and proceeds of litigation

  • Costs of Litigation The parties agree that the prevailing party in any action brought with respect to or to enforce any right or remedy under this Agreement shall be entitled to recover from the other party or parties all reasonable costs and expenses of any nature whatsoever incurred by the prevailing party in connection with such action, including without limitation reasonable attorneys' fees and prejudgment interest.

  • Litigation and Proceedings There are no actions, suits, -------------------------- proceedings or investigations pending or, to the knowledge of the Company after reasonable investigation, threatened by or against the Company or affecting the Company or its properties, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind. The Company has no knowledge of any default on its part with respect to any judgment, order, writ, injunction, decree, award, rule or regulation of any court, arbitrator, or governmental agency or instrumentality, or any circumstance which after reasonable investigation would result in the discovery of such default.

  • Recovery of Litigation Costs If any legal action or other proceeding is brought for the enforcement of this Warrant, or because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this Warrant, the successful or prevailing party or parties shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding, in addition to any other relief to which it or they may be entitled.

  • Investigations and Proceedings The parties to this Agreement agree to cooperate fully in any securities regulatory investigation or proceeding or any judicial proceeding with respect to each party’s activities under this Agreement and promptly to notify the other party of any such investigation or proceeding.

  • Condemnation Proceedings 15.5.1. District covenants and agrees, but only to the extent that it may lawfully do so, that so long as this Site Lease remains in effect, the District will not seek to exercise the power of eminent domain with respect to the Project so as to cause a full or partial termination of this Site Lease and the Facilities Lease. 15.5.2. If for any reason the foregoing covenant is determined to be unenforceable or in some way invalid, or if District should fail or refuse to abide by such covenant, then, to the extent they may lawfully do so, the Parties agree that the financial interest of Developer shall be as indicated in the Facilities Lease.