Disclaiming Party definition
Examples of Disclaiming Party in a sentence
The foregoing limitation of liability shall apply whether a claim is based on breach of contract, tort (including negligence, strict liability and negligent misrepresentation), restitution, breach of statutory duty, breach of warranty or otherwise and without regard to whether the claim is brought directly or as a third-party claim, unless the Disclaiming Party has been finally adjudicated by a court of competent jurisdiction to have engaged in fraud, gross negligence or willful misconduct.
The foregoing limitation of liability shall apply whether a claim is based on breach of contract, tort (including negligence, strict liability and negligent misrepresentation), restitution, breach of statutory duty, breach of warranty or otherwise and without regard to whether the claim is brought directly or as a third- party claim, unless the Disclaiming Party has been finally adjudicated by a court of competent jurisdiction to have engaged in fraud, gross negligence or willful misconduct.
In such event, the Disclaiming Party will permit the other Party, at its sole discretion and expense, to file or to continue prosecution or maintenance of such Patent Rights.
Any such claim against a Disclaiming Party shall be brought within two (2) years from the time that a cause of action has accrued.
The foregoing limitation of liability shall apply whether a claim is based on breach of contract, tort (including negligence, strict liability and negligent misrepresentation), restitution, breach of statutory duty, breach of warranty or otherwise and without regard to whether the claim is brought directly or as a third-party claim, unless the Disclaiming Party has been finally adjudicated by a court of competent jurisdiction to have engaged in fraud, gross negligence or WILLFUL MISCONDUCT.
If the other Party does not assume responsibility for the continued prosecution and/or maintenance within [**] days after the Discontinuation Notice, the Disclaiming Party will have no further responsibility with respect to the prosecution or maintenance of the relevant Patent Applications or Patents.