Example ContractsClausesnotification of lendersVariants
Notification of Lenders
Notification of Lenders contract clause examples

Notification. Each Party will promptly notify the other Party in the event that any Third Party files suit or brings any other action alleging patent infringement by Licensee or Axsome or any of their respective Affiliates or sublicensees with respect to any of the Licensed Activities (any such suit or other action referred to herein as an “Infringement Claim”).

allegation is made will notify the other Party in writing promptly upon becoming aware of such allegation. Additionally, if Licensee determines that, based upon the review of any Third Party Patent Rights or other Third Party Intellectual Property Rights, it may be desirable to obtain a license from such Third Party with respect thereto so as to avoid any potential claim of infringement by such Third Party against either Party or their respective Affiliates or sublicensees, then Licensee will promptly notify Axsome of such determination.

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