Common use of Exclusive Option Clause in Contracts

Exclusive Option. The OPTION is exclusive in that during the TERM or the OPTION PERIOD, CCF will neither enter into a transaction nor negotiate with a THIRD PARTY for access to a CCF INVENTION, JOINT INVENTIONS, or the PATENT RIGHTS of CCF in the COLLABORATION FIELD (subject only to a reservation of rights for CCF to practice the subject intellectual property as described below).

Exclusive Option. The OPTION is exclusive in that during the TERM or the applicable OPTION PERIOD, CCF will neither enter into a transaction nor negotiate with a THIRD PARTY for access to a the applicable CCF INVENTION or JOINT INVENTION, JOINT INVENTIONS, or the PATENT RIGHTS of CCF in the COLLABORATION FIELD underlying INTELLECTUAL PROPERTY (subject only to a reservation of rights for CCF to practice the subject intellectual property INTELLECTUAL PROPERTY as described belowbelow in Paragraph 6.6).

Exclusive Option. The OPTION is exclusive in that during the TERM or the applicable OPTION PERIOD, CCF will neither enter into a transaction nor negotiate with a THIRD PARTY for access to a the applicable CCF INVENTION or JOINT INVENTION, JOINT INVENTIONS, or the PATENT RIGHTS of CCF in the COLLABORATION FIELD underlying INTELLECTUAL PROPERTY (subject only to a reservation of rights for CCF to practice the subject intellectual property INTELLECTUAL PROPERTY as described belowbelow in Paragraph 6.4).