Common use of Collaboration Inventions Clause in Contracts

Collaboration Inventions. Each Party shall promptly disclose to the other Party all Collaboration Inventions made by or on behalf of the disclosing Party. Each Party shall assign, and hereby assigns, to the other Party half of its rights, title and interest in and to the Collaboration Inventions. Each Party agrees to sign, execute and acknowledge or cause to be signed, executed and acknowledged, at the other Party’s expense, any and all documents and to perform such acts as may be reasonably requested by such other Party for the purposes of perfecting the foregoing assignments. For clarity, the aforementioned acts do not include the undertaking of additional scientific experiments or studies or actions that could reasonably be performed by the requesting Party.

Appears in 3 contracts

Sources: Clinical Collaboration Agreement (ArriVent Biopharma, Inc.), Clinical Collaboration Agreement (ArriVent Biopharma, Inc.), Clinical Collaboration Agreement (ArriVent Biopharma, Inc.)