Ownership of Project Outputs Sample Clauses

Ownership of Project Outputs. (a) Ownership of all right, title and interest in the Project Outputs (including Project IP created by a Student in accordance with clause 9.11) vests on and from creation in: (i) the parties specified in Item 12 of Schedule 1; or (ii) if ownership of Project Outputs is not specified in Item 12 of Schedule 1, the Parties as tenants in common in equal shares. (b) The Parties acknowledge that: (i) the owner/s of Project Outputs and the holder/s of a Beneficial Interest in a share of the Net Commercialisation Income from those Project Outputs may not be the same; (ii) the two concepts described in clause 9.3(b)(i) are dealt with separately under this Contract; (iii) other entities may own the Project Outputs in recognition of their contribution to the Project, but only if the Parties have agreed in writing and those entities are listed in Item 12 of Schedule 1 as being an owner of Project Outputs; (iv) if the Parties or any other entity are listed in Item 12 of Schedule 1 as being an owner of the Project Outputs in shares, those shares relate to the Parties’ respective Beneficial Interest in relation to the Project Outputs. (c) The Research Organisation warrants that to the best of its knowledge, having made reasonable enquiries: (i) no person other than the Owning Parties and any third parties specified in Item 12 of Schedule 1 owns or will own a share of the Project Outputs; and (ii) use by the Owning Parties of the Project Outputs created by the Research Organisation will not infringe the rights of any third party, or breach any obligation of confidence owed to a third party. In respect of any third party patent rights, the warranty under this clause 9.3(c) is given only as at the date of the Contract and GRDC acknowledges that reasonable enquiries do not extend to public prior art searches. The Research Organisation will notify GRDC as soon as practicable after becoming aware of any third party patent rights that may be infringed by the Owning Parties' use of the Project Outputs. (d) Whilst it is recognised that the ownership of Project Outputs may be changed during the course of the Project, such an agreed change will only be effective if it is the subject of a formal variation to this Contract in accordance with clause 21.6. (e) Each Party irrevocably: (i) assigns such of its right, title and interest in any existing and future Project Outputs as is necessary to comply with this clause 9.3; and (ii) undertakes to execute any documents and do any things ...
View SourceView Similar (6)
Ownership of Project Outputs. In relation to Participants ownership of the Project outputs, including Intellectual property rights and open access issues, will be regulated on the basis of the NER Standard Terms of Contract (see Annex 3) and the respective agreements. In accordance with this, NER will grant all Participants royalty-free, non-exclusive license and user rights to the Projects outputs.
View SourceView Similar (2)

Related to Ownership of Project Outputs

  • Ownership of Properties Except as set forth on Schedule 2, on the date of this Agreement, the Borrower and its Subsidiaries will have good title, free of all Liens other than those permitted by Section 6.15, to all of the Property and assets reflected in the Borrower's most recent consolidated financial statements provided to the Agent as owned by the Borrower and its Subsidiaries.

  • Ownership of Products It is understood and agreed that all products provided under this Agreement shall become the property of the County upon acceptance by the County.

  • Ownership of Property Each Loan Party and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

  • Ownership of Improvements All modifications, alterations and improvements made or added to the Leased Premises by Tenant (other than Tenant’s inventory, equipment, movable furniture, wall decorations and trade fixtures) shall be deemed real property and a part of the Leased Premises, but shall remain the property of Tenant during the Lease, and Tenant hereby covenants and agrees not to grant a security interest in any such items to any party other than Landlord. Any such modifications, alterations or improvements, once completed, shall not be altered or removed from the Leased Premises during the Lease Term without Landlord’s written approval first obtained in accordance with the provisions of Paragraph 6.1 above. At the expiration or sooner termination of this Lease, all such modifications, alterations and improvements other than Tenant’s inventory, equipment, movable furniture, wall decorations and trade fixtures, shall automatically become the property of Landlord and shall be surrendered to Landlord as part of the Leased Premises as required pursuant to Article 2, unless Landlord shall require Tenant to remove any of such modifications, alterations or improvements in accordance with the provisions of Article 2, in which case Tenant shall so remove same. Landlord shall have no obligations to reimburse Tenant for all or any portion of the cost or value of any such modifications, alterations or improvements so surrendered to Landlord. All modifications, alterations or improvements which are installed or constructed on or attached to the Leased Premises by Landlord and/or at Landlord’s expense shall be deemed real property and a part of the Leased Premises and shall be property of Landlord. All lighting, plumbing, electrical, heating, ventilating and air conditioning fixtures, partitioning, window coverings, wall coverings and floor coverings installed by Tenant shall be deemed improvements to the Leased Premises and not trade fixtures of Tenant.

  • Ownership of Property; Liens Each of the Borrower and each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrower and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01.