Common use of Reporting and Requirements Clause in Contracts

Reporting and Requirements. Promptly after request by Inventor, Company shall cause to be delivered to Inventor, in form and detail reasonably satisfactory to Inventor: (i) any litigation seeking damages in excess of $100,000, or multiple lawsuits seeking total damages from Company of $200,000 or more, or making a claim to title or the right to possess the Patents, Devices or any material part of the assets of Company; (ii) any dispute between Company and any Governmental Authority or Person relating to the Patents or any material part of the assets of Company; (iii) any Event of Default by Company or event which, with the giving of notice and/or the passage of time, could become and Event of Default; (iv) the Books and Records; and (v) such other information relating to Company as Inventor may request from time to time.