Common use of Right of Abatement Clause in Contracts

Right of Abatement. During the Term, UFRF shall have the first right but not the obligation to ▇▇▇▇▇ alleged infringement of the Patent Rights outside of the Licensed Field at its own expense and Licensee shall have the first right but not the obligation to ▇▇▇▇▇ the alleged infringement of the Patent Rights in the Licensed Field at its own expense. If Licensee elects not to ▇▇▇▇▇ an alleged infringement or to enforce the Patent Rights in the Licensed Field, or if Licensee is unsuccessful in persuading the alleged infringer to desist and elects not to continue with its efforts, then it shall so notify UFRF, and thereafter, UFRF may but is not obligated to take steps to ▇▇▇▇▇ the alleged infringement, including to prosecute at its own expense the alleged infringement of the Patent Rights in the Licensed Field.

Appears in 2 contracts

Sources: Standard Exclusive License Agreement (Decibel Therapeutics, Inc.), Standard Exclusive License Agreement (Decibel Therapeutics, Inc.)