Common use of Ownership of Background Intellectual Property Clause in Contracts

Ownership of Background Intellectual Property. As between QLT and RGX: (a) title to and ownership of all rights in and to all Intellectual Property owned by QLT or licensed to QLT by Third Parties as of the Effective Date shall at all times remain with QLT and, except as expressly granted under this Agreement, no rights in or to any such Intellectual Property shall vest in RGX; and (b) title to and ownership of all rights in and to all Intellectual Property owned by RGX or licensed to RGX by Third Parties as of the Effective Date shall at all times remain with RGX and, except as expressly granted under this Agreement, no rights in or to any such Intellectual Property shall vest in QLT.

Ownership of Background Intellectual Property. As between QLT and RGX: : (a) title to and ownership of all rights in and to all Intellectual Property owned by QLT or licensed to QLT by Third Parties as of the Effective Date shall at all times remain with QLT and, except as expressly granted under this Agreement, no rights in or to any such Intellectual Property shall vest in RGX; and and (b) title to and ownership of all rights in and to all Intellectual Property owned by RGX or licensed to RGX by Third Parties as of the Effective Date shall at all times remain with RGX and, except as expressly granted under this Agreement, no rights in or to any such Intellectual Property shall vest in QLT.. 7.2