Provision Language
1) Patent Prosecution. Lead Institution will seek patent protection and maintenance for the Joint Invention(s) identified in the table above jointly in the name of Lead Institution and Other Institution(s). Lead Institution will direct its patent counsel to copy Other Institution on standard correspondence.
2) Patent Expense Sharing. The Institutions will share undisputed patent expenses incurred prior to termination of this Agreement in proportion to each Institution’s Share of Patent Expenses set forth in the table above. Other Institution(s) will reimburse Lead Institution within 90 days of invoice. An undisputed patent expense means an expense the Other Institution(s) approved in writing (including by email), or did not object to within 60 days of receiving the Lead Institution estimate or invoice. The Institutions will use reasonable efforts to resolve any disputed patent expenses within sixty (60) days of notification of objection by an Institution.