Common use of Patent Strategy Clause in Contracts

Patent Strategy. Subject to the provisions of this Article 14, the parties will cooperate in the development and execution of a patent strategy that maximizes patent protection of Products throughout the Territory and minimizes patent expenses. With respect to Joint Patents in particular, Geron and P&U shall decide by mutual written agreement on a case-by-case basis the party with primary responsibility for Joint Patent filings, prosecution, and maintenance. Each party shall assure that each of its employees, consultants and other contractors who perform the Research shall be lawfully obligated to assign or license all inventions conceived or reduced to practice during the course of performing such work to such party.

Patent Strategy. Subject to the provisions of this Article 1412, the parties Parties will cooperate in the development and execution of a patent strategy that maximizes patent protection of Products throughout the Territory and minimizes patent expenses. With respect to Joint Patents in particular, Geron and P&U BMG shall decide by mutual written agreement on a case-by-case basis the party Party with primary responsibility for Joint Patent filings, prosecution, and maintenance. Each party shall assure that each of its employees, consultants and other contractors who perform the Research shall be lawfully obligated to assign or license all inventions conceived or reduced to practice during the course of performing such work to such party.