Common use of Data and Intellectual Property Clause in Contracts

Data and Intellectual Property. Technology and Patent Rights owned by either Party at the Effective Date pertaining to Products and/or Technology, and Technology and Patent Rights that are developed and owned by a Party during the term of this Agreement (including, without limitation, ownership as set forth in this Agreement) will remain the sole property of the owning Party, which that Party may exploit in any manner it chooses at its sole discretion, except to the extent otherwise provided in this Agreement. New Invention(s) made by Ambrx and/or Elanco in connection with Products and/or Technology during the term of this Agreement, and any patents, copyrights or other intellectual property based on such Invention(s), will be owned by the Party(ies) of which the inventor(s) is an employee or agent, except as expressly set forth in this Agreement.

Appears in 2 contracts

Sources: Collaborative Research, License & Commercialization Agreement (Ambrx Inc), Collaborative Research, License & Commercialization Agreement (Ambrx Inc)

Data and Intellectual Property. Technology and Patent Rights patents owned by either Party at the Effective Date pertaining to Products beginning of the Agreement for Product(s) and/or New Product(s) and Technology, and Technology and Patent Rights that are developed and owned by a Party during the term of this Agreement (including, without limitation, ownership as set forth in this Agreement) Term will remain the sole property of the owning Party, which that Party may to exploit in any manner it chooses at its sole discretion, except to the extent otherwise provided in this Agreement. New Invention(s) made by Ambrx Lipid Sciences and/or Elanco in connection with Products Product(s) and/or New Product(s) and/or Technology during the term of this the Agreement, and any patents, copyrights or other intellectual property based on such Invention(s), will be owned by the Party(ies) of which the inventor(s) is an employee or agent, except as expressly set forth in this Agreement.

Appears in 1 contract

Sources: Collaborative Research & License Agreement (Lipid Sciences Inc/)