Joint Invention Clause Samples
The Joint Invention clause defines how intellectual property rights are managed when two or more parties collaboratively create an invention. Typically, this clause outlines the process for determining joint ownership, the responsibilities of each party regarding patent filings, and how any resulting patents or inventions may be used or commercialized. For example, it may specify that both parties have equal rights to exploit the invention or require mutual consent for licensing to third parties. The core function of this clause is to prevent disputes by clearly allocating rights and responsibilities over jointly developed inventions, ensuring both parties understand their entitlements and obligations.
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Joint Invention. If a Prosecuting Party elects not to file, prosecute or maintain a patent on a Joint Invention in any country (or not to pay or reimburse in accordance with Article 8.5 the Patent Costs agreed to be paid by such Party), it shall provide the other Party(ies) owning such Joint Inventions with written advance notice sufficient to avoid any loss or forfeiture and, if such other Party includes either CORONADO or ▇▇▇▇, then ▇▇▇▇▇▇▇▇ or ▇▇▇▇, as applicable, shall have the right, but not the obligation, at its expense, to file, prosecute or maintain such patent application or patent in such country. Thereafter, the Prosecuting Party shall transfer all its right, title and interest in such patent application or patent to either CORONADO or ▇▇▇▇, as applicable, and such Prosecuting Party shall no longer be a joint owner of such patent or patent application claiming a Joint Invention.
Joint Invention. Inventions made jointly by employees or others acting on behalf of PathoGenesis and of Chiron (the "Joint Inventions") shall be owned jointly by PathoGenesis and Chiron. Joint Inventions shall be managed pursuant to Section 13.2.
Joint Invention. All Inventions that are neither a Portola Invention nor a BMS Invention shall be jointly owned by Portola and BMS (the “Joint Inventions”). To the extent any Joint Invention is made solely by a Party, such Party shall, and does hereby, transfer and assign to Portola and/or BMS, without additional consideration, one undivided half of such Party’s interest in such Joint Invention to the extent necessary to vest joint ownership in Portola and BMS, which transfer and assignment the other Party hereby accepts. Each Party shall execute and deliver to the other Party a deed(s) of such assignment, in a mutually agreeable form and will take whatever actions reasonably necessary, including the appointment of the other Party as its attorney in fact solely to make such assignment, to effect such assignment. Each Party shall be entitled to practice, license, assign and exploit its interest in any Joint Invention in [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. any jurisdiction throughout the world, without the duty of accounting or an obligation to seek consent from the other Party.
Joint Invention. In the event that during the term of the Supply Agreement, a patentable invention is made jointly by one or more employees of Komag and one or more employees of Maxtor, as determined by the U.S. laws of inventorship, title to any patent application covering such invention and any patent or patents maturing therefrom shall be jointly owned by Komag and Maxtor.
Joint Invention. Joint Invention" shall mean any Invention, which is jointly conceived and reduced to practice during, and as a result of the Research and Development Program by employees of both of the Parties.
Joint Invention. 4 1.20 Licensed Compounds.......................................4 1.21 Licensed Product(s) .....................................4 1.22 Material(s) .............................................4 1.23 NDA......................................................5 1.24
Joint Invention. The Parties agree that if any intellectual property is jointly created during the Term of this Agreement (a "Joint Invention"), the Party whose background intellectual property is most closely associated with the new intellectual property will own that new jointly created intellectual property and the other Party will receive a nonexclusive, worldwide, perpetual, irrevocable and paid-up license to such Joint Invention
Joint Invention. As soon as a party concludes that it wishes to file a patent application claiming a Joint Invention, it shall immediately inform the other party and consult about filing procedures and allocation of costs concerning such patent application. The party also will provide the other party with the determination of inventors and a copy of a draft specification, if any, and the scope of claims as early as possible. Should a party be faced with possible loss of rights, such communication may take place promptly after filing a convention application. Subject to the further provisions of this Section 8.2(b), the party performing a priority filing agrees to (i) prepare, file, prosecute and maintain such priority patent application, corresponding foreign patents, and resulting patents, in the Territory (ii) consult with the other party as to the preparing, filing, prosecuting and maintaining of such patent applications and resulting patents, and (iii) furnish to the other party copies of all documents relevant to any such preparation, filing, prosecution or maintenance. Unless agreed otherwise, the filing party shall furnish such documents and consult with the other party in sufficient time before any action by the filing party is due to allow the other party to provide comments thereon, which comments the filing party shall consider. The party performing the priority filing shall bear all costs and expenses for preparing, filing, prosecuting and maintaining such patent applications and resulting patents in the Territory. On request of the party performing the filing, the other party will cooperate, in all reasonable ways at the filing party's cost, in connection with the preparing, filing, prosecuting and maintaining of such patent applications and resulting patents in the Territory. Should the filing party decide that it does not desire to file, maintain or prosecute a patent or patent application claiming a Joint Invention in one or more countries in the Territory, it shall promptly advise the other party thereof and, at the request of the other party, the filing party shall assign to the other party its rights in and to such patent or patent application in such country or countries, and the other party will thereafter file, prosecute and/or maintain the same at the other party's own cost, to the extent that the other party desires to do so.
Joint Invention. The term “
Joint Invention. If, in the course of carrying out work on the Project, a joint invention, design or work is made - and more than one Party is contributor to it - and if the features of such joint invention design or work are such that it is not possible to separate them for the purpose of applying for, obtaining and/or maintaining the relevant patent protection or any other Intellectual Property Right, the Parties concerned agree that they may jointly apply to obtain and/or maintain the relevant right together with any other parties. The Parties concerned shall seek to agree amongst themselves arrangements for applying for, obtaining and/or maintaining such right on a case-by-case basis. So long as any such right is in force, each Party concerned shall be entitled to use and to license such right without the, consent of the other Parties. In case of licensing to third parties, appropriate financial compensation shall be given to the other Party/Parties concerned.