Licensing of Inventions Sample Clauses

The Licensing of Inventions clause establishes the terms under which one party grants another the right to use, make, sell, or otherwise exploit specific inventions, typically those protected by patents or patent applications. This clause outlines the scope of the license, such as whether it is exclusive or non-exclusive, the duration, any territorial limitations, and the financial arrangements like royalties or upfront fees. Its core practical function is to clearly define the rights and obligations of both parties regarding the use of the inventions, thereby preventing disputes and ensuring both parties understand the extent of permitted use.
Licensing of Inventions. With respect to any invention or discovery made or conceived in the course of or under this Annex by personnel of one Participant (the Assigning Participant) or its contractors while assigned to the other Participant (the Recipient Participant) or its contractors in connection with exchanges of scientists, engineers and other specialists: (1) The Recipient Participant shall acquire all right, title and interest in and to any such invention or discovery in its own country and in third countries, subject to a non-exclusive, irrevocable, royalty-free licence in all such countries to the Assigning Participant, its government and the nationals of its country designated by it; and (2) The Assigning Participant shall acquire all right, title and interest in and to such invention or discovery in its own country, subject to a non-exclusive, irrevocable, royalty-free licence to the Recipient Participant, its government and the nationals of its country designated by it. Each Participant also agrees to license such invention or discovery to all Agency Participating Countries on reasonable terms and conditions for use in their own country in order to meet their energy needs.
View SourceView Similar (4)
Licensing of Inventions. With respect to any invention or discovery made or conceived in the course of or under this Agreement by personnel of one Contracting Party (the Assigning Contracting Party) or its contractors while assigned to the other Contracting Party (the Recipient Contracting Party) or its contractors in connection with exchanges of scientists, engineers and other experts: (1) The Recipient Contracting Party shall acquire all right, title and interest in and to any such invention or discovery in its own country and in third countries, subject to a non-exclusive, irrevocable, royalty-free license in all such countries to the Assigning Contracting Party, its government and the nationals of its country designated by it; and (2) The Assigning Contracting Party shall acquire all right, title and interest in and to such invention or discovery in its own country, subject to a non-exclusive, irrevocable, royalty-free license to the Recipient contracting Party, its government and the nationals of its country designated by it. Each Contracting Party also agrees to license all such inventions or discoveries to all participating IEA Member Countries on reasonable terms and conditions for use in their own countries in order to meet their energy needs.
View SourceView Similar (2)
Licensing of Inventions. Each OWNER shall have the sole and/or joint responsibility for licensing or distributing their INVENTIONS. OWNER(S) shall proceed with licensing or distribution in a manner consistent with (i) the scientific goals of G8 RC and (ii) the provisions of this AGREEMENT, the national regulations of the respective institution and national legislation, subject to the retention of rights granted herein. In addition to any rights in INVENTIONS associated with ownership to which MEMBERS may be entitled under this Article 9 any option or license granted for an INVENTION shall be limited by and subject to the restrictions and licenses granted under this AGREEMENT as follows:
View Source
Licensing of Inventions. 3.2.1 For each Invention that is developed during the term of this Co-Operation Agreement based on the scope of this Agreement that results in the issuance of a patent to either party, the party obtaining the patent shall grant to the other a royalty free, worldwide non-exclusive license to use the Invention for the term of the Co-Operation Agreement, provided, however, that the parties recognize that neither will need a license from the other for those patents in which both parties are identified as inventors. 3.2.2 Upon termination of this Co-Operation Agreement, the parties agree to cross license the Inventions to allow either party to make, use and supply Products that contain or incorporate the Invention to clients with the supplying party who uses the Invention paying a 5% royalty license fee to the other party, based on the sale price (net of services, taxes, brokerage, duties, levies, freight, and packaging) of the Products relating to the Products that is supplied.
View Source

Related to Licensing of Inventions

  • Assignment of Inventions Subject to Sections 2.4, and 2.6, I hereby assign and agree to assign in the future (when any such Inventions or Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right, title and interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or learned by me, either alone or jointly with others, during the period of my employment with the Company. Inventions assigned to the Company, or to a third party as directed by the Company pursuant to this Section 2, are hereinafter referred to as “Company Inventions.”

  • Ownership of Inventions Inventorship of inventions conceived or reduced to practice in the course of activities performed under or contemplated by this Agreement shall be determined by application of U.S. patent Laws pertaining to inventorship. If such inventions are jointly invented by one or more employees, consultants or contractors of each Party, such inventions shall be jointly owned by the Parties (each such invention, a “Joint Invention”), and if one or more claims included in an issued Patent or pending Patent application which is filed in a patent office in the Territory claim such Joint Invention, such issued Patent or such pending Patent application shall be jointly owned by the Parties (each such patent application or patent, a “Joint Patent”). If such an invention is solely invented by an employee, consultant or contractor of a Party, such invention shall be solely owned by such Party, and any Patent application filed claiming such solely owned invention shall also be solely owned by such Party. Each Party shall enter into binding agreements obligating all employees, agents, consultants, contractors, and subcontractors (as provided in Section 3.2.7) performing activities under or contemplated by this Agreement, including activities related to the Programs, to assign his or her interest in any invention conceived or reduced to practice in the course of such activities to the Party for which such employee, consultant or contractor is providing its services. Subject to the rights granted under this Agreement, each Party shall have the right to practice and exploit Joint Inventions and Joint Patents, without any obligation to account to the other for profits, or to obtain any approval of the other Party to license, assign, or otherwise exploit Joint Inventions and Joint Patents, by reason of joint ownership thereof, and each Party hereby waives any right it may have under the Laws of any jurisdiction to require any such approval or accounting; and to the extent there are any applicable Laws that prohibit such a waiver, each Party will be deemed to so consent. Each Party agrees to be named as a party, if necessary, to bring or maintain a lawsuit involving a Joint Invention or Joint Patent.

  • Disclosure of Inventions Each Party will promptly disclose to the other Party all invention disclosures submitted to such Party by its or its Affiliates’ employees describing Joint Inventions and Sole Inventions. Each Party will also respond promptly to reasonable requests from the other Party for more Information relating to such inventions.

  • Joint Inventions For Subject Inventions conceived or first actually reduced to practice under this Agreement that are joint Subject Inventions made by CONTRACTOR and USER, each Party shall have the option to elect and retain title to its undivided rights in such joint Subject Inventions.

  • Inventions and Patents For purposes of this Agreement, “Inventions” includes, without limitation, information, inventions, contributions, improvements, ideas, or discoveries, whether protectable or not, and whether or not conceived or made during work hours. Executive agrees that all Inventions conceived or made by Executive during the period of employment with Employer belong to Employer, provided they grow out of Executive’s work with Employer or are related in some manner to the Business, including, without limitation, research and product development, and projected business of Employer or its affiliated companies. Accordingly, Executive will: a. Make adequate written records of such Inventions, which records will be Employer’s property; b. Assign to Employer, at its request, any rights Executive may have to such Inventions for the U.S. and all foreign countries; c. Waive and agree not to assert any moral rights Executive may have or acquire in any Inventions and agree to provide written waivers from time to time as requested by Employer; and d. Assist Employer (at Employer’s expense) in obtaining and maintaining patents or copyright registrations with respect to such Inventions. Executive understands and agrees that Employer or its designee will determine, in its sole and absolute discretion, whether an application for patent will be filed on any Invention that is the exclusive property of Employer, as set forth above, and whether such an application will be abandoned prior to issuance of a patent. Employer will pay to Executive, either during or after the term of this Agreement, the following amounts if Executive is sole inventor, or Executive’s proportionate share if Executive is joint inventor: $750 upon filing of the initial application for patent on such Invention; and $1,500 upon issuance of a patent resulting from such initial patent application, provided Executive is named as an inventor in the patent. Executive further agrees that Executive will promptly disclose in writing to Employer during the term of Executive’s employment and for one (1) year thereafter, all Inventions whether developed during the time of such employment or thereafter (whether or not Employer has rights in such Inventions) so that Executive’s rights and Employer’s rights in such Inventions can be determined. Except as set forth on the initialed Exhibit B (List of Inventions) to this Agreement, if any, Executive represents and warrants that Executive has no Inventions, software, writings or other works of authorship useful to Employer in the normal course of the Business, which were conceived, made or written prior to the date of this Agreement and which are excluded from the operation of this Agreement.