Common use of Secondary Right Clause in Contracts

Secondary Right. In the event that Atricure (A) fails to commence, within ninety (90) days after the Infringement Notice Date, a lawsuit regarding such infringement or (B) commences a lawsuit during such period but thereafter fails to continue to vigorously prosecute such lawsuit, UST shall have the right, but not the obligation, to prosecute such a lawsuit at its own expense.

Appears in 1 contract

Sources: Development and License Agreement (AtriCure, Inc.)

Secondary Right. In the event that Atricure UST (A) fails to commence, within ninety (90) days after the Infringement Notice Date, a lawsuit regarding such infringement or (B) commences a lawsuit during such period but thereafter fails to continue to vigorously prosecute such lawsuit, UST Atricure shall have the right, but not the obligation, to prosecute such a lawsuit at its own expense.

Appears in 1 contract

Sources: Development and License Agreement (AtriCure, Inc.)