Common use of Assignment of Jointly Developed Technology to HOKU Clause in Contracts

Assignment of Jointly Developed Technology to HOKU. In order to vest in HOKU the full rights of ownership in the Jointly Developed Technology, NISSAN hereby assigns any and all rights and ownership it may have in such Intellectual Property by virtue of any claim to joint development or invention, and NISSAN agrees to sign instruments of assignment and other documents that may be legally required to perfect HOKU’s sole ownership of such Intellectual Property, and NISSAN shall cause its employees who are inventors of such Intellectual Property to sign instruments of assignment and other documents that may be legally required to transfer sole ownership of such Intellectual Property to HOKU.