Common use of Right to Receive Royalties Clause in Contracts

Right to Receive Royalties. I understand that if I assign my Intellectual Property to Sponsor, then Sponsor will manage the Intellectual Property and shall be solely responsible for patenting and commercialization of the Intellectual Property. Sponsor shall have sole right and responsibility to determine the extent of United States and foreign patent prosecution, maintenance, enforcement and defense relating to the Intellectual Property.

Right to Receive Royalties. I understand that if I assign my Intellectual Property to Sponsor, then Sponsor will manage the Intellectual Property and shall be solely responsible for patenting protection and commercialization of the Intellectual Property. Sponsor shall have sole right and responsibility to determine the extent of United States and foreign patent ap p lic at io n , prosecution, maintenance, enforcement and and/or defense relating to the Intellectual Property.

Right to Receive Royalties. I understand that if I assign my Intellectual Property intellectual property rights to Sponsor, then Sponsor will manage the Intellectual Property intellectual property and shall be solely responsible for patenting and commercialization of the Intellectual Propertyintellectual property. Sponsor shall have the sole right and responsibility to determine the extent of United States and foreign patent prosecution, maintenance, enforcement and defense relating to the Intellectual Property.intellectual property. I understand that if I assign my intellectual property rights to Sponsor, then I will not receive any financial benefit or licensing or patenting

Right to Receive Royalties. I understand that if I assign my Intellectual Property to Sponsor, then Sponsor will manage the Intellectual Property and shall be solely responsible for patenting protection and commercialization of the Intellectual Property. Sponsor shall have sole right and responsibility to determine the extent of United States and foreign patent a p p l i c a t i o n , prosecution, maintenance, enforcement and and/or defense relating to the Intellectual Property.

Right to Receive Royalties. I understand that if I assign my Intellectual Property to Sponsor, then Sponsor will manage the Intellectual Property and shall be solely responsible for patenting protection and commercialization of the Intellectual Property. Sponsor shall have sole right and responsibility to determine the extent of United States and foreign patent app lic at i o n , prosecution, maintenance, enforcement and and/ or defense relating to the Intellectual Property.