Common use of Purpose and Scope of the Agreement Clause in Contracts

Purpose and Scope of the Agreement. 1.1 The UPMC and the COMPANY confer free of charge to the CNRS, which accepts, twenty-five per cent (25%) of ownership rights to the PATENTS and on the attached priority right. Consequently, the PARTIES agree that they co-own the PATENTS and the attached priority rights as follows: · fifty percent (50%) for the COMPANY, · twenty-five per cent (25%) for the CNRS, · twenty-five per cent (25%) for the UPMC, and they jointly hold the KNOW-HOW.