Common use of Ownership of Intellectual Property and Patent Rights Clause in Contracts

Ownership of Intellectual Property and Patent Rights. 14.1 Patents Resulting from the Research Plan. During the Research Term, Geron shall promptly inform P&U of all inventions in the Field that are conceived or reduced to practice by service providers of Geron, solely or jointly with service providers of P&U. During the Research Term, P&U shall promptly inform Geron of all inventions in the Field that are conceived or reduced to practice by service providers of P&U, solely or jointly with service providers of Geron. For the purpose of this Article 14, "service providers" shall mean employees of the applicable party, and consultants or other persons or entities which are lawfully required to assign inventions to the applicable party. Inventions conceived or reduced to practice during the course of performing the Research shall be owned as follows:

Appears in 2 contracts

Sources: License and Research Collaboration Agreement (Geron Corporation), License and Research Collaboration Agreement (Geron Corporation)