Common use of Prompt Filing Clause in Contracts

Prompt Filing. Each Party agrees to file reasonably promptly any patent applications for which it is responsible for filing, prosecuting and maintaining under this Article 8, [***]. If BSP fails to file promptly any patent applications for which it is responsible for filing, prosecuting and maintaining under this Article 8, and such failure would result in [***].

Appears in 2 contracts

Sources: Collaboration and Option Agreement (OncoMed Pharmaceuticals Inc), Collaboration and Option Agreement (OncoMed Pharmaceuticals Inc)