Common use of Intellectual Property Review Clause in Contracts

Intellectual Property Review. The Program Managers shall establish and enact a procedure whereby, on [*] during the term of the Agreement or earlier termination of the Agreement, the Parties shall report in writing to the others on the status of all Invention disclosures, any corresponding patent applications, and any corresponding issued patents for which such Party is responsible. On [*] each Party shall provide the other Party a copy of any newly filed original patent applications for Inventions.

Appears in 2 contracts

Sources: Joint Development Agreement (Nexx Systems Inc), Joint Development Agreement (Nexx Systems Inc)