Step-In Right. If, during the Term, ▇▇▇▇▇▇▇ decides that it is no longer interested in the preparation, filing, prosecution, or maintenance of a particular Metsera First Right Patent Right, then it will promptly provide written notice to D&D of such decision. D&D may, upon written notice to ▇▇▇▇▇▇▇, assume the preparation, filing, prosecution, and maintenance of such Patent Right at D&D’s sole cost and expense. In such event (i) D&D will be responsible for 100% of the costs and expenses of the preparation, filing, prosecution, and maintenance of such Patent Right, and D&D will thereafter be the “Prosecuting Party” with respect thereto for all purposes under this Agreement; and (ii) any such Metsera First Right Patent Right will be excluded from the Licensed Technology.
Appears in 4 contracts
Sources: License Agreement (Metsera, Inc.), License Agreement (Metsera, Inc.), License Agreement (Metsera, Inc.)