Failure to Reimburse. COMPANY’s failure to repay its debt will be interpreted as waiver by the COMPANY of its SHARE in the PATENT(S) of the COMPANY in the concerned countries concerned for the other PARTY. Henceforth, the COMPANY undertakes to immediately grant all powers, documents and signature for the completion of this sale and it can no longer earn any remuneration for the direct and/or indirect use of PATENTS for this or these countries and will no longer have any industrial or commercial use right on these same PATENTS, from the time of receipt of the notification by the other PARTY.
Appears in 3 contracts
Sources: Co Ownership Agreement (Biophytis SA), Co Ownership Agreement (Biophytis SA), Co Ownership Agreement (Biophytis SA)