Common use of Licensing of Inventions Clause in Contracts

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.