Common use of Joint Employee Inventions Clause in Contracts

Joint Employee Inventions. The parties agree that the U.S. Government shall have the initial option to retain title to each Subject Invention Made jointly by Seller and Government employees. The Government is obligated to promptly notify Buyer upon making this election, and ▇▇▇▇▇ shall promptly inform ▇▇▇▇▇▇ of the Government’s election. In the event that the Government elects to retain title to such joint Subject Invention, ▇▇▇▇▇▇ agrees to assign to the Government whatever right, title and interest Seller has in and to such joint Subject Invention. The Government has agreed to timely file patent applications on such Subject Invention at its own expense and agrees to grant to Seller a non-exclusive, irrevocable paid-up license to practice such Subject Invention throughout the world.