Common use of Reporting of Inventions Clause in Contracts

Reporting of Inventions. 8.1 If an Invention that is deemed patentable is made entirely or partially by the Institution’s staff in connection with the Project, the inventor(s) shall immediately inform the Parties accordingly. If the Company deems an invention patentable, made entirely or partially by the Institution’s staff, and provided the Invention falls within the scope of the Field of Application, the Company shall notify the Institution within [ ] days upon receipt of the information on the Invention whether it wishes to make use of the non-exclusive right of use set out in Clause 7.2, cf. also Clause 9.1, or wishes to purchase [alternatively: acquire an exclusive licence to] the Invention, cf. Clauses 7.4 and 9.2. 9.1 The fee for the Company’s non-exclusive right to use the Institution’s Invention, cf. Clause 7.2 shall amount to DKK [ ]. [Alternatively: The fee for the Company’s non-exclusive right to use the Institution’s Invention, cf. Clause 7.2 shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 8.1]. 9.2 If the Company purchases an Invention made by the Institution, cf. Clause 7.4, the purchase price shall amount to DKK [ ]. If the Invention is a joint Invention, the purchase price shall be reduced to an amount that reflects the Company’s pro rata share of the Invention. [Alternatively: The Company shall pay a fee (royalty) of [insert a percentage] of the Company’s [insert the basis of calculation] for the exclusive licence indicated in Clause 7.4. [Alternatively: a price per item of [insert amount]]] for the commercial use of the Invention and in general on the terms of the licence agreement entered into by the Parties.] [Alternatively to both: The purchase price paid by the Company for an Invention made by the Institution [alternatively: The licence fee paid by the Company for an exclusive licence to an Invention made by the Institution], cf. Clause 7.4, shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 8.1. If the Parties fail to reach an agreement on terms of payment within a period of [ ] days from the day on which the negotiations shall commence, either Party may request that the terms be decided by an independent third party expert who shall be appointed jointly by the Parties or [the Parties’ trade organisations] or, in they fail to reach an agreement, by the President of the Maritime and Commercial Court following a hearing of the Parties]. 9.3 The fee for the Company’s use of computer programs that form part of the Foreground Knowledge created by the Institution as part of the Project, cf. Clause 7.3, shall amount to DKK [ ]. [Alternatively: The fee for the Company’s use of computer programs that form part of the Foreground Knowledge created by the Institution as part of the Project, cf. Clause 7.3, shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 8.1. If the Parties fail to reach an agreement on terms of payment within a period of [ ] days from the day on which the negotiations shall commence, either Party may request that the terms be decided by an independent third party expert who shall be appointed jointly by the Parties or [the Parties’ trade organisations] or, if they fail to reach an agreement, by the President of the Maritime and Commercial Court following a hearing of the Parties].

Reporting of Inventions. 8.1 7.1 If an Invention that is deemed patentable is made entirely or partially by the Institution’s staff in connection with as part of the Projectcollaboration covered by the Agreement, the inventor(s) shall immediately inform the Parties and the Project Management accordingly. If the Company deems an invention Invention patentable, made entirely or partially by the Institution’s staff, and provided the Invention falls within the scope of the Field of Application, the Company shall notify the Institution within [ ] days upon receipt of the information on the Invention whether it wishes to make use of the non-exclusive right of use set out in Clause 7.26.2, cf. also Clause 9.18.1, or wishes to purchase [alternatively: acquire obtain an exclusive licence license to] the Invention, cf. Clauses 7.4 6.4 and 9.28.2. 9.1 8.1 The fee for the Company’s non-exclusive right to use the Institution’s Invention, cf. Clause 7.2 6.2 shall amount to DKK [ ]. [Alternatively: The fee for the Company’s non-exclusive right to use the Institution’s Invention, cf. Clause 7.2 6.2 shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 8.17.1]. 9.2 8.2 If the Company purchases an Invention made by the Institution, cf. Clause 7.46.4, the purchase price shall amount to DKK [ ]. If the Invention is a joint Invention, the purchase price shall be reduced to an amount that reflects the Company’s pro rata share of the Invention. [Alternatively: The Company shall pay a fee (royalty) of [insert a percentage] of the Company’s [insert the basis of calculation] for the exclusive licence indicated in Clause 7.4. 6.4 [Alternatively: a price per item of [insert amount]]] for the commercial use of the Invention and in general on the terms of the licence agreement entered into by the Parties.] . [Alternatively to both: The purchase price paid by the Company for an Invention made by the Institution [alternatively: [The licence fee paid by the Company for an exclusive licence to an Invention made by the Institution], cf. Clause 7.46.4, shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 8.1. If the Parties fail to reach an agreement on terms of payment within a period of [ ] days from the day on which the negotiations shall commence, either Party may request that the terms be decided by an independent third party expert who shall be appointed jointly by the Parties or [the Parties’ trade organisations] or, in they fail to reach an agreement, by the President of the Maritime and Commercial Court following a hearing of the Parties]. 9.3 The fee for the Company’s use of computer programs that form part of the Foreground Knowledge created by the Institution as part of the Project, cf. Clause 7.3, shall amount to DKK [ ]. [Alternatively: The fee for the Company’s use of computer programs that form part of the Foreground Knowledge created by the Institution as part of the Project, cf. Clause 7.3, shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 8.17.1. If the Parties fail to reach an agreement on terms of payment within a period of [ ] days from the day on which the negotiations shall commence, either Party may request that the terms be decided by an independent third party expert who shall be appointed jointly by the Parties or [the Parties’ trade organisations] or, if they fail to reach an agreement, by the President of the Maritime and Commercial Court following a hearing of the Parties]. 8.3 The fee for the Company’s use of computer programs that form part of the Foreground Knowledge created by the Institution as part of the Project, cf. Clause 6.3, shall amount to DKK [ ]. [Alternatively: The fee for the Company’s use of computer programs that form part of the Foreground Knowledge created by the Institution as part of the Project, cf. Clause 6.3, shall be determined by negotiation between the Parties. These negotiations shall commence no later than [ ] days following notification by the Company as set out in Clause 7.1. If the Parties fail to reach an agreement on terms of payment within a period of [ ] days from the day on which the negotiations shall commence, either Party may request that the terms be decided by an independent third party expert who shall be appointed jointly by the Parties or [the Parties’ trade organisations] or, if they fail to reach an agreement, by the President of the Maritime and Commercial Court following a hearing of the Parties].