Common use of Joint Foreground IP Clause in Contracts

Joint Foreground IP. If the Parties jointly create Intellectual Property after the Effective Date, pursuant to this Agreement and during the Term (“Joint Foreground IP”), the Parties shall be co-owners of such Joint Foreground IP. Whether a Party was involved in the creation of particular Intellectual Property shall be determined in accordance with the rules for inventorship under U.S. patent law. Each Party shall cause its employees and counsel to cooperate in good faith with the other Party and its counsel in obtaining, protecting, and enforcing Joint Foreground IP. This cooperation will include, as appropriate, good faith negotiation of a separate written agreement documenting the rights and obligations of the Parties regarding the prosecution and enforcement of patent and other rights in the Joint Foreground IP.

Appears in 2 contracts

Sources: Filtration First Fit Supply Agreement (Atmus Filtration Technologies Inc.), Filtration First Fit Supply Agreement (Atmus Filtration Technologies Inc.)