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 Investigator and the laboratory facilities made available to the Investigator by reason of the Investigator's employment at UBC; (b) no students, post-doctoral fellows or other UBC staff will participate or be involved in the Licensee's research, projects or utilize its facilities; and (c) any disclosures of inventions made by the Investigator to the Licensee will be immediately forwarded by the Licensee to UBC. 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.