Common use of Infringement Claimed by Third Parties Clause in Contracts

Infringement Claimed by Third Parties. 10.4.1 If a Third Party commences, or threatens to commence, any proceeding against a Party alleging infringement of such Third Party’s intellectual property by the Exploitation by a Party, its Affiliates, subcontractors or sublicensees of any Compound or Product, the Party against whom such proceeding is threatened or commenced shall give prompt notice to the other Party. 10.4.2 Unless the Party against whom such proceeding is filed seeks indemnification for a claim covered pursuant to ARTICLE 13, such Party shall control the defense and settlement of any such proceeding at its own cost.

Appears in 2 contracts

Sources: Collaboration and License Agreement (Akcea Therapeutics, Inc.), Collaboration and License Agreement (PTC Therapeutics, Inc.)