Common use of New IPR Clause in Contracts

New IPR. (a) All New IPR will vest in the Client on creation and the University hereby assigns and agrees to assign all such New IPR to the Client. The University must take all steps, execute all documents and do everything reasonably required by the Client to ensure that New IPR vests in the Client. (b) Except as set out in item 12 of the Details Schedule, the only right granted to the University to the New IPR is to Use such IPR for the sole purpose of and only to the extent necessary to provide the Services.‌ (c) If the University terminates this Agreement in accordance with clause 24(a) where the material breach relied upon is or includes a failure of the Client to pay any Fee due under this Agreement, the Client must assign to the University its rights in any New IPR.

New IPR. ‌ (a) All New IPR will vest in the Client on creation and the University hereby assigns and agrees to assign all such New IPR to the Client. The University must take all steps, execute all documents and do everything reasonably required by the Client to ensure that New IPR vests in the Client. (b) Except as set out in item 12 of the Details Schedule, the only right granted to the University to the New IPR is to Use such IPR for the sole purpose of and only to the extent necessary to provide the Services.‌ (c) If the University terminates this Agreement in accordance with clause 24(a12(a) where the material breach relied upon is or includes a failure of the Client to pay any Fee due under this Agreement, the Client must assign to the University its rights in any New IPR.