Common use of Collaborative Development Clause in Contracts

Collaborative Development. The Parties acknowledge that they do not currently envision collaborative generation of inventions under this Agreement that will constitute Joint Inventions. In the event the Parties undertake collaborative development of such inventions, the Parties will establish an IP Review Board to determine ownership as between the Parties. In the event any disputes regarding ownership of such inventions cannot be resolved by the IP Review Board, the Parties will follow the procedure specified in Section 13.2 below. [***], the Parties will define and mutually agree upon terms related to intellectual property rights related to that specific area of development.