Common use of Initial Responsibility Clause in Contracts

Initial Responsibility. BLS shall be responsible for the preparation, filing, prosecution and maintenance of BLS Patents […***…]. BLS shall keep ACADIA in a timely manner, but not less frequently than a quarterly basis informed of progress with regard to the preparation, filing, prosecution and maintenance of BLS Patents. […***…].

Appears in 2 contracts

Sources: Collaboration and License Agreement, Collaboration and License Agreement (Acadia Pharmaceuticals Inc)