Example ContractsClausesnotification of lendersVariants
Remove:

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”).

Notification. Each Partyallegation is made will promptly notify the other Party in writing promptly upon becoming aware of such allegation. Additionally, if Licensee determines that, based upon the event thatreview of any Third Party files suitPatent Rights or bringsother 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 other action alleging patentpotential claim of infringement by Licenseesuch Third Party against either Party or Axsome or any of their respective Affiliates or sublicensees with respect to anysublicensees, then Licensee will promptly notify Axsome of the Licensed Activities (any such suit or other action referred to herein as an “Infringement Claim”). determination.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.