Common use of Project Intellectual Property Clause in Contracts

Project Intellectual Property. a. Unless otherwise specified in the Project Application or agreed by the Parties under a separate agreement, upon its creation, all Project IP will be owned by the Lead Participant and governed by the terms of this clause 10. b. The Parties must cooperate with each other Party and promptly do all acts and things and execute all documents which may be necessary to vest ownership in accordance with clause 10.2(a). c. If the Lead Participant does not commercialise the Project IP within two years of the project completion, the Lead Participant hereby grants to the AMGC a worldwide, irrevocable, non-exclusive, royalty-free licence to use, reproduce, adapt, modify and communicate the Project IP to the extent necessary to disseminate and publish information about the Project to the Commonwealth Government, members of the AMGC or to the public.