Common use of New Inventions Clause in Contracts

New Inventions. If during the term of this Agreement GTRC, individually or collectively, makes any further improvements in such Products or Know-How or the mode of using them or becomes the owners of any new improvements either through patents or otherwise, then it shall communicate such improvements to LASER and LASER shall have the right to include the same in this Agreement without additional compensation. Provided, however, that this paragraph shall not apply to any situation in which GTRC has a contrary contractual commitment as a third party.

Appears in 2 contracts

Sources: Development and License Agreement (Spectrx Inc), License Agreement (Spectrx Inc)