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Title:

Agreement

Entities:

Abaxis, Inc.; IDEXX Laboratories, Inc.

Date:

2002

Size:

Preview shows 5KB of 12KB total

Price:

$38

ID:

#366206

 

 

► Miscellany ► Agreements
► Biotech & Drugs ► In Vitro & In Vivo Diagnostic Substances

 

 

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                                   AGREEMENT


This Agreement is entered into this 8th day of May, 2002 by and between
Abaxis, Inc. ("Abaxis") and S.A. Scientific, Inc. ("SAS").

RECITALS

WHEREAS, SAS and Abaxis have previously entered into an Agreement styled
"Terms of Agreement Between Abaxis, Inc. and SA Scientific," in November, 2001,
and

WHEREAS, Idexx Laboratories, Inc. ("Idexx") has instituted a lawsuit
against Abaxis and SAS in the United States District Court for the District of
Maine, Civil Number 02-69-PH ("the Litigation") in which Idexx has alleged
infringement by Abaxis and SAS of U.S. Patents Nos. 4,939,096 and 4,965,187
("the Idexx Patents In Suit") by reason of the manufacture and sale of certain
canine heartworm antigen tests ("the Accused Products"); and

WHEREAS, SAS sells the Accused Products to Abaxis, who then re-sells them;
and

WHEREAS, Abaxis and SAS have previously retained separate and independent
counsel to represent them in the Litigation; and

WHEREAS, Abaxis and SAS recognize that there could be potential conflicts
of interest arising out of joint representation in connection with the
Litigation or their relationship to date but that neither has any intent to sue
the other and indeed desire to form a lasting business relationship which may
include SAS manufacturing other products in the future for Abaxis; and

WHEREAS, Abaxis and SAS wish to minimize the cost of the Litigation by
jointly retaining outside counsel to represent them in the Litigation and to
resolve conflicts between them as they relate to the Litigation;

NOW, THEREFORE, in consideration of the mutual agreements and
understandings set forth herein, SAS and Abaxis agree as follows:

1. Release of Known Existing Claims SAS and Abaxis, and each of them,
and their officers, directors, successors, agents and assigns and those in
privity with them, hereby release, acquit and discharge each other and their
affiliates, attorneys, agents, assigns and those in privity with them of and
from any and all presently existing and known claims, demands and/or causes of
action growing out of their relationship with each other, including but not
limited to their contractual relationship arising out of the November, 2001
Agreement. This release does not release any accounts receivable or amount owing
for goods sold by the parties to each other prior to the date of this Agreement.

2. Covenant Not to Sue On Claims Arising Out of the Patents In Suit
SAS and Abaxis agree that if Idexx is successful in pursuing claims arising out
of the Patents in Suit in the Litigation, and such result is reduced to a final
judgment from which not appeal will lie, each will pay one half of whatever
judgment may be entered in the Litigation insofar as it relates to damages for
infringement of the Patents in Suit. The parties further agree that neither will
assert any claim against the other for indemnity or contribution, so long as
the other party pays its one half share of any such judgment. In the event one
or the other of the parties does not pay its one

1
{PAGE}
half share of any such damage award and the other party is required to pay all
or any part of the other party's half of the judgment, the party paying more
than one half of the total judgment shall have a claim against the other for the
amount paid in excess of one half of the judgment, and shall also be entitled to
attorneys fees and costs incurred in collecting said amount from the other
party. If claims other than those related to the Patents In suit are asserted by
Idexx in the Litigation, the parties shall consult in good faith as to whether
this Agreement shall be amended to include such disputes but neither party shall
be required to amend this Agreement for such purpose. The provisions of this
paragraph shall apply only to judgments arising out of liability for
infringement of the Patents In Suit. The provisions of this paragraph shall not
apply to damages for willful infringement or punitive damages.

3. Joint Representation Effective May 20, 2002, Abaxis and SAS agree
that they shall hereafter jointly direct who shall act as counsel of record for
Abaxis and SAS. After May 20, 2002, unless and until otherwise jointly directed
by Abaxis and SAS, the law firm of Workman, Nydegger & Seeley (Brent Lorimer,

 

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