Existing Patents. On the terms and subject to the conditions set forth herein and subject to rights and licenses granted to third parties on or before the Effective Date, the ownership of all right, title and interest in and to the Existing Patents as of and after the Effective Date shall be apportioned as follows and each party hereto agrees to execute such documents of assignment and to take such other actions as may be required to effect the following: (a) The Existing Patents listed on Schedule 2.3A hereto shall be owned exclusively by GENUITY; (b) The Existing Patents listed on Schedule 2.3B hereto shall be jointly owned by GENUITY and GTE, with neither party being obligated to account to the other therefor; and (c) All other Existing Patents shall be owned exclusively by GTE.
Appears in 2 contracts
Sources: Intellectual Property Ownership and Cross License Agreement (Genuity Inc), Intellectual Property Ownership and Cross License Agreement (Genuity Inc)