Common use of Patent Application Clause in Contracts

Patent Application. Lessee may, at its expense, seek to patent in Lessor’s name any and all unpatented mining claims which are pert of the Property. Lessor pledges full cooperation to Lessee in executing any documents necessary to accomplish patenting if so desired by Lessee. If Lessee begins patent proceedings and Lessee desires to discontinue them, or if this Agreement is terminated while patent proceedings are pending, Lessee shall have no further obligation with respect thereto, except to pay any unpaid expenses accrued in such proceedings prior to its request to discontinue, or prior to termination, whichever occurs first. If the patent application results in cancellation of any unpatented claims, Lessee shall not be liable for any claims, losses or damages resulting from such cancellation. Lessor appoints Lessee as Lessor’s lawful Attorney In Fact for the purpose of patent applications. All patents shall be part of the Property and the parties will promptly, after issuance of each patent, execute and deliver an addendum to this Agreement and a memorandum of this Agreement to such effect.

Appears in 3 contracts

Samples: Mining Lease Agreement, Mining Lease Agreement (Sterling Mining CO), Mining Lease Agreement (Sterling Mining CO)

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Patent Application. Lessee LESSEE may, at its expense, seek to patent patent, in LessorLESSOR’s name name, any and or all of the unpatented mining claims which are pert constituting part of the Property. Lessor LESSOR pledges full cooperation to Lessee LESSEE in executing any documents necessary to accomplish patenting if so desired by LesseeLESSEE . If Lessee LESSEE begins patent proceedings and Lessee LESSEE desires to discontinue them, or if this Agreement is terminated while patent proceedings are pending, Lessee LESSEE shall have no further obligation with respect theretoto the patent proceedings, except to pay any unpaid expenses accrued in such proceedings prior to before its request to discontinue, or prior to before termination, whichever occurs first. If the patent application results in cancellation of any unpatented claims, Lessee under no circumstances shall not LESSEE be liable for any claims, losses or damages resulting from such cancellation. Lessor appoints Lessee as Lessor’s lawful Attorney In Fact for the purpose of patent applications. All patents shall be part of the Property and the parties will promptly, promptly after issuance of each patent, patent execute and deliver an addendum to this Agreement and a memorandum of this Agreement to such effect.

Appears in 1 contract

Samples: Mining Lease Agreement (Duke Mountain Resources, Inc)

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