Common use of Joint Collaboration IP Clause in Contracts

Joint Collaboration IP. Both Parties shall jointly own all Joint Collaboration IP, such that each Party has an undivided [***] interest in such Joint Collaboration IP, with no duty of accounting to the other Party and no requirement to obtain consent from the other Party in connection with any exploitation of such Joint Collaboration IP or licenses granted by either Party to Third Parties with respect to such Joint Collaboration IP.

Appears in 1 contract

Sources: Master Collaboration Agreement (Ikena Oncology, Inc.)

Joint Collaboration IP. Both Parties shall jointly own all Each Party will have an undivided one‑half interest in and to the Joint Collaboration IP, such that each . Each Party has an undivided [***] interest will exercise its ownership rights in and to such Joint Collaboration IP, with no duty including the right to license and sublicense or otherwise to exploit, transfer, or encumber its ownership interest, without an accounting or obligation to, or consent required from, the other Party, but subject to the licenses hereunder and the other terms and conditions of accounting to this Agreement. At the reasonable written request of a Party, the other Party will in writing grant such consents and confirm that no requirement such accounting is required to obtain consent from effect the other Party in connection with any exploitation of such Joint Collaboration IP or licenses granted by either Party to Third Parties with respect to such foregoing regarding Joint Collaboration IP.

Appears in 1 contract

Sources: Collaboration and License Agreement (Wave Life Sciences Ltd.)

Joint Collaboration IP. Both As between the Parties, subject to Section 6.6.5, the Parties shall jointly each own an equal, undivided interest in all Joint Collaboration IP, such that each . Each Party has an undivided [***] interest in such shall have the right to exploit the Joint Collaboration IP, with no IP without a duty of seeking consent or accounting to the other Party and no requirement to obtain consent from the other Party in connection with any exploitation of such Joint Collaboration IP or licenses granted by either Party to Third Parties with respect to such Joint Collaboration IPParty.

Appears in 1 contract

Sources: Master Collaboration Agreement (Scholar Rock Holding Corp)

Joint Collaboration IP. Both As between the Parties, the Parties shall jointly will each own an equal, undivided interest in all Joint Collaboration IP, such that each . Each Party has an undivided [***] interest in such will have the right to exploit the Joint Collaboration IP, with no IP without a duty of seeking consent or accounting to the other Party and no requirement to obtain consent from the other Party in connection with any exploitation of such Joint Collaboration IP or licenses granted by either Party to Third Parties with respect to such Joint Collaboration IPParty.

Appears in 1 contract

Sources: Collaboration and License Agreement (Relay Therapeutics, Inc.)