Common use of Jointly Owned Intellectual Property Rights Clause in Contracts

Jointly Owned Intellectual Property Rights. In the event that TU and COMPANY file a patent application for the Intellectual Property Rights to the Inventions TU and COMPANY jointly own set forth in Article 11.3, the parties shall, upon mutual consultation, determine the respective share, rights, and terms and conditions and enter into an agreement accordingly prior to the filing of the application.

Jointly Owned Intellectual Property Rights. In the event that TU and COMPANY INSTITUTION file a patent application for the Intellectual Property Rights to the Inventions TU and COMPANY INSTITUTION jointly own set forth in Article 11.3, the parties shall, upon mutual consultation, determine the respective share, rights, and terms and conditions and enter into an agreement accordingly prior to the filing of the application.