Common use of Foreground Technology Clause in Contracts

Foreground Technology. Foreground Technology, including all associated Intellectual Property Rights, shall be assigned and/or licensed between the Parties as follows: (a) The Parties shall jointly own all Intellectual Property Rights to Joint Technology. [ * * * ]Each Party shall solely own all modifications and derivative works to the Joint Technology that it creates after the Term, without any disclosure, financial or cross-license obligation to the other Party. (b) Sole Foreground Technology shall be solely owned by the Party that created it. (c) Both parties may use the other party’s Intellectual Property Rights in Sole Foreground Technology solely for the purpose of advancing the goals of the Project during the term of this Agreement. (d) [ * * * ] (e) The Parties agree to work in good faith to classify Foreground Technology into an appropriate category (Sole Foreground Technology, Joint Technology). Inventorship of inventions and authorship of copyrightable works conceived and/or reduced to practice, or authored, under this Project (i.e., sole or joint) shall be determined in accordance with the patent and copyright laws of the United States, as the case may be.

Appears in 1 contract

Sources: Joint Development Agreement (Decarbonization Plus Acquisition Corp III)

Foreground Technology. Foreground Technology, including all associated Intellectual Property Rights, shall be assigned and/or licensed between the Parties as follows: (a) The Parties shall jointly own all Intellectual Property Rights to Joint Technology. [ [* * * ]*] Each Party shall solely own all modifications and derivative works to the Joint Technology that it creates after the Term, without any disclosure, financial or cross-license obligation to the other Party. (b) Sole Foreground Technology shall be solely owned by the Party that created it. (c) Both parties may use the other party’s Intellectual Property Rights in Sole Foreground Technology solely for the purpose of advancing the goals of the Project during the term of this Agreement. (d) [ [* * * *] (e) The Parties agree to work in good faith to classify Foreground Technology into an appropriate category (Sole Foreground Technology, Joint Technology). Inventorship of inventions and authorship of copyrightable works conceived and/or reduced to practice, or authored, under this Project (i.e., sole or joint) shall be determined in accordance with the patent and copyright laws of the United States, as the case may be.

Appears in 1 contract

Sources: Joint Development Agreement (Decarbonization Plus Acquisition Corp III)