Common use of Management of Conflicts of Interest Clause in Contracts

Management of Conflicts of Interest. 20.1 The Licensee acknowledges that it is aware of UBC’s Conflict of Interest Policy #97, Patent and Licensing Policy #88 and Research Policy #87 (▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇.▇▇/), and that UBC may amend these policies or introduce new policies from time to time. 20.2 Subject to Article 20.3 the Licensee and UBC agree, that: (a) the facilities and research programs of the Licensee will be conducted independently of all UBC facilities, faculty, students or staff, and in particular, independently of and from the Investigators and the laboratory facilities made available to the Investigators by reason of the Investigators’ employment at UBC; (b) no students, post-doctoral fellows or other UBC staff will participate or be involved in research or projects for or in collaboration with the Licensee that utilize UBC’s facilities or resources; and (c) the Licensee will use commercially reasonable efforts to forward to UBC any disclosures of inventions, manuscripts and/or abstracts made by the Investigators to the Licensee. 20.3 The Licensee and UBC may, from time to time, enter into written agreements to permit activities which would otherwise be prohibited by Article 20.2.