Common use of Project IP Clause in Contracts

Project IP. (a) Project IP is owned by UQ on creation. (b) Each Collaborator assigns all right, title and interest in the Project IP to UQ at the time it is created or developed. (c) UQ grants to each Collaborator a non-exclusive, non-transferable, world-wide licence to exercise the Project IP for Project Purposes and Permitted Purposes during the Term. (d) Where the Details specify that the Project is a research project for the public good, the licence granted by clause 8.2(c) for Permitted Purposes applies both during the Term and after the Term in perpetuity. (e) The licence granted by clause 8.2(c) must not be sublicensed except to an Approved Subcontractor for Project Purposes. (f) UQ may choose whether, and if so how, to pursue registration or other protection in respect of the Project IP.

Appears in 2 contracts

Sources: Collaborative Research Agreement, Collaborative Research Agreement