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Title: |
Trademark Agreement |
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Entities: |
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Date: |
2002 |
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Price: |
$42 |
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ID: |
#287859 |
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TRADEMARK AGREEMENT
This Trademark Agreement (this "Agreement") is entered into as of
August 1, 2001 (the "Effective Date") by and between Pierre Fabre Medicament,
organized under the laws of France having an address of 45, place Abel-Gance,
92654 Boulogne cedex, France ("Pierre Fabre"), and Cypress Bioscience, Inc., a
Delaware corporation having an address of 4350 Executive Drive, Suite 325, San
Diego, CA 92121, U.S.A. ("Cypress"). Capitalized terms used in this Agreement
that are not otherwise defined shall have the meaning set forth in the License
Agreement of even date herewith between Cypress and Pierre Fabre (the "License
Agreement").
Recitals
Whereas, Pierre Fabre and Cypress are entering into the License
Agreement concurrently with the execution of this Agreement; and
Whereas, in connection with the license granted under the License
Agreement, Pierre Fabre desires to grant Cypress a license to use certain
trademarks in the Licensed Territory.
Now, Therefore, in consideration of the foregoing premises and the
mutual covenants and agreements contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:
1. Trademark License.
1.1 Trademarks; Ownership of Trademarks. Pierre Fabre and Cypress
shall mutually agree upon one or more trademarks under which Cypress, its
Affiliates and sub-licensees will exclusively market the Licensed Products (the
"Trademarks") in the Licensed Territory. Pierre Fabre shall own and shall retain
the ownership of the entire right, title and interest in and to the Trademarks.
1.2 Registration of the Trademarks. While Cypress is marketing the
Licensed Products using the Trademarks, Pierre Fabre shall, at its own cost and
expense, file in the Licensed Territory and endeavor in good faith to obtain the
registration of the applicable Trademarks in the Licensed Territory, and when
registered, thereafter maintain the applicable Trademarks in the Licensed
Territory at its own expense. Pierre Fabre shall keep Cypress informed of
progress with regard to the prosecution, maintenance, enforcement and defense of
the Trademarks by providing Cypress copies of official actions, amendments and
responses with respect to such prosecution. In the event that Pierre Fabre
desires to abandon any of the Trademarks in the Licensed Territory, Pierre Fabre
shall provide reasonable prior written notice to Cypress of such intention to
abandon and provide Cypress an opportunity to discuss with Pierre Fabre the
possibility of assuming responsibility for such Trademarks. If Cypress assumes
responsibility for any Trademarks, such Trademarks shall be assigned to Cypress
and shall no longer be included in the Trademarks subject to this Agreement.
1.3 License to Trademarks. Pierre Fabre hereby grants to Cypress an
exclusive license, with the right to sublicense to a sub-licensee of rights
under the License Agreement, to identify the Licensed Product to be packaged and
sold by Cypress under the License Agreement
1.
{PAGE}
under the Trademarks in the Licensed Territory and to promote, market, sell and
use such Licensed Products in the Licensed Territory under the Trademarks during
the Term.
1.4 Quality Control. The nature and quality of the Licensed Products
advertised or sold by Cypress on which the Trademarks appear shall conform to
quality standards and Licensed Product specifications for packaging and quality
control of the Licensed Product mutually agreed between Pierre Fabre and
Cypress. Cypress agrees to cooperate with Pierre Fabre to enable Pierre Fabre to
control the nature and quality of the use of the Trademarks such that Pierre
Fabre may verify that the use of the Trademarks is consistent with the agreed
quality standards and Licensed Product specifications. From time to time and
upon request by Pierre Fabre, Cypress shall provide Pierre Fabre with samples of
the Licensed Product.
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