Common use of New Inventions Clause in Contracts

New Inventions. AEVI will retain ownership of, and be entitled to file patents (in its sole discretion) in its name, on all AEVI Inventions, and KKC will retain ownership of, and be entitled to file patents (in its sole discretion) in its name, on all KKC Inventions. All the foregoing will be included in the license granted by each Party to the other Party in Article 7. Each Party will disclose any such inventions or improvements to the other Party within (***) of filing a patent application claiming the Invention.

Appears in 1 contract

Sources: Clinical Development and Option Agreement (Cerecor Inc.)

New Inventions. AEVI will retain ownership of, and be entitled to file patents (in its sole discretion) in its name, on all AEVI Inventions, and KKC will retain ownership of, and be entitled to file patents (in its sole discretion) in its name, on all KKC Inventions. All the foregoing will be included in the license granted by each Party to the other Party in Article 7. Each Party will disclose any such inventions or improvements to the other Party within ninety (***90) days of filing a patent application claiming the Invention.

Appears in 1 contract

Sources: Clinical Development and Option Agreement (Cerecor Inc.)

New Inventions. AEVI will retain ownership of, and be entitled to file patents (in its sole discretion) in its name, on all AEVI Inventions, and KKC will retain ownership of, and be entitled to file patents (in its sole discretion) in its name, on all KKC Inventions. All the foregoing will be included in the license granted by each Party to the other Party in Article 7. Each Party will disclose any such inventions or improvements to the other Party within ninety (***90) days of filing a patent application claiming the Invention.

Appears in 1 contract

Sources: License Agreement (Cerecor Inc.)