Common use of Filing and Maintenance Clause in Contracts

Filing and Maintenance. Licensor shall file, prosecute, and maintain all Licensed Patents in the Licensed Territory at its own expense and shall keep Licensee fully and timely informed with respect to the course and conduct of patent application and prosecution matters. Licensor shall keep Licensee fully and timely informed with respect to the course and conduct of all patent application and prosecution matters handled by UKRF. If Licensor or UKRF elects not to pursue patent protection in any country within the Licensed Territory, Licensor shall notify Licensee and Licensee shall have the right, but not the obligation, to file, prosecute and maintain such patent(s) in such country at its own expense, and, with respect to all such patents owned by Licensor, Licensor shall transfer title to Licensee for each such patent application or patent. With respect to Joint Patents, Licensee and Licensor shall, prior to filing any patent application, review the invention and determine which Party should be responsible for coordinating the filing. All filings, prosecution and maintenance of Joint Patents shall be subject to the prior review and approval of both Parties. All costs of filing, prosecuting and maintaining a Joint Patent shall be shared equally by the Parties.