Common use of Litigation and Settlement Clause in Contracts

Litigation and Settlement. In the event the Product is the subject of Litigation or any actual or threatened litigation based on alleged infringement of a patent, whether listed in the Orange Book subsequent to the Launch Date or of a patent asserted by any Third Party after the Launch Date (collectively “Post-Launch Litigation(s)”) in the United States, [***] shall direct and control any such Litigation and/or Post-Launch Litigation and shall make Diligent Efforts to conduct any such Litigation and/or Post-Launch Litigation to a successful conclusion, including settlement. [***] shall notify [***] and seek [***] input prior to ceasing to defend, settling or otherwise disposing of Litigation and/or Post-Launch Litigation or a claim in the Litigation and/or Post-Launch Litigation, but the final decision in that regard shall be made by [***]. [***].

Appears in 3 contracts

Sources: Development, Manufacturing and Commercialization Agreement, Development, Manufacturing and Commercialization Agreement (Sol-Gel Technologies Ltd.), Development, Manufacturing and Commercialization Agreement (Sol-Gel Technologies Ltd.)