Litigation by Sublicensee. Any sublicense must include the following clauses: (A) In the event sublicensee brings any court action seeking to invalidate any Licensed Patent: (1) sublicensee will [***] during the pendency of such action. Moreover, should the outcome of such action determine that any claim of a Licensed Patent challenged by the sublicensee is both valid and infringed by a Licensed Product, sublicensee will [***]; (2) sublicensee will have no right to recoup any royalties paid before or during the period challenge; (3) any dispute regarding the validity of any Licensed Patent shall be litigated in the courts located in Santa ▇▇▇▇▇ County, and the parties agree not to challenge personal jurisdiction in that forum; (4) sublicensee shall not pay royalties into any escrow or other similar account. (B) Sublicensee will provide written notice to Stanford at least [***] prior to bringing an action seeking to invalidate a Licensed Patent. Sublicensee will include with such written notice an identification of all prior art it believes invalidates any claim of the Licensed Patent.
Appears in 2 contracts
Sources: Exclusive License Agreement (Fate Therapeutics Inc), Exclusive License Agreement (Fate Therapeutics Inc)
Litigation by Sublicensee. Any sublicense Sublicense must include the following clauses:
(A) In the event sublicensee brings any court an action seeking to invalidate any Licensed Patent:
(1) sublicensee will [***] during the pendency of such action. Moreover, should the outcome of such action determine that any claim of a Licensed Patent patent challenged by the sublicensee is both valid and infringed by a Licensed Product, sublicensee will [***];
(2) sublicensee will have no right to recoup any royalties paid before or during the period challenge;
(3) any dispute regarding the validity of any Licensed Patent shall be litigated in the courts located in Santa ▇C▇▇▇▇ County, and the parties agree not to challenge personal jurisdiction in that forum;
(4) sublicensee shall not pay royalties into any escrow or other similar account.
(B) Sublicensee will provide written notice to Stanford at least [***] prior to bringing an action seeking to invalidate a Licensed Patent. Sublicensee will include with such written notice an identification of all prior art it believes invalidates any claim of the Licensed Patent.
Appears in 1 contract
Sources: Exclusive (Equity) Agreement (Longview Acquisition Corp.)