Common use of Ownership of Intellectual Property; License Clause in Contracts

Ownership of Intellectual Property; License. In the event of any improvements to, or derivatives of, the Generex Technologies are achieved pursuant to or under the auspices of the License, any and all such improvements or derivates will be the sole and exclusive property of Generex and will be included as Generex Technologies under the License (for no additional consideration).

Appears in 2 contracts

Sources: Intellectual Property Licensing Agreement (Generex Biotechnology Corp), Intellectual Property Licensing Agreement (Amarantus BioSciences, Inc.)