Common use of Ownership of Project IP Clause in Contracts

Ownership of Project IP. Subject to clause 9.2 and the licences to use and/or Commercialise the Project IP granted pursuant to this Agreement (including clauses 9.13, 10, 11 and 12), Project IP will vest upon creation in the Project IP Owners detailed in Item 12 of the Project Plan (and where there is more than one Project IP Owner, as tenants in common in the shares detailed in Item 12 of the Project Plan (or if not so detailed, in equal shares)).