PROSECUTION OF PATENT APPLICATIONS AND MAINTENANCE OF PATENTS. 4.1 Hormos shall be solely responsible for the prosecution and maintenance of the Patents. Hormos shall be at its discretion entitled to, and is responsible for, all decision making related to the Patents and related to patenting strategy. For the avoidance of doubt, it is hereby acknowledged and agreed that save as for what is expressly provided for herein, Hormos - Orion SERM Licensing agreement -------------------------------------------------------------------------------- Orion shall have no obligation whatsoever concerning the Invention and/or the Patents. 4.2 In the event that Hormos decides not to prosecute the patent applications through issuance of Patents or to discontinue the maintenance of the Patents, such decision to be at the sole discretion of Hormos, Orion shall have the right of first refusal to be assigned such Patents, under a separate assignment agreement to be negotiated by Orion and Hormos.
Appears in 2 contracts
Sources: Patent License Agreement (Quatrx Pharmaceuticals Co), Patent License Agreement (Quatrx Pharmaceuticals Co)