Common use of Rights in Inventions Clause in Contracts

Rights in Inventions. Copyright and any and all other intellectual property rights in any documentation or other information developed or written or reduced to any tangible or literary form whatsoever pursuant to this Agreement or any Proposal, tender, contract or sub-contract to which this Agreement refers shall vest in the Party originating them. Any developments which originate due to the joint efforts of the Parties shall be owned by the Parties jointly without restriction or rate of accounting to the other, provided that each Party shall exercise the same level of care to preserve the proprietary nature of such joint developments as it exercises to preserve the proprietary nature of its own proprietary materials. In addition, no development shall be deemed to be joint developments and therefore jointly owned by the Parties without the Parties first specifically identifying those jointly developed works in writing prior to the development thereof. If each Party contributes to the development of a work product and such work product is not identified as a joint work, each Party's ownership rights shall be limited to the portion of the work product developed by it. Each Party will, however, negotiate the transfer or licensing of its ownership rights to the other upon mutually acceptable terms. Each Party shall to the extent specified in the Proposal or tender grant licences or other rights to the other Parties and/or the Client (as appropriate) upon such terms as the Parties shall mutually agree.

Appears in 2 contracts

Sources: Strategic Alliance Agreement (PARETEUM Corp), Strategic Alliance Agreement (PARETEUM Corp)

Rights in Inventions. Copyright and any and all other intellectual property rights in any documentation or other information developed or written or reduced to any tangible or literary form whatsoever pursuant to this Agreement or any Proposal, tender, contract or sub-contract to which this Agreement refers shall vest in the Party originating them. Any developments which originate due to the joint efforts of the Parties shall be owned by the Parties jointly without restriction or rate of accounting to the other, provided that each Party shall exercise the same level of care to preserve the proprietary nature of such joint developments as it exercises to preserve the proprietary nature of its own proprietary materials. In addition, no development shall be deemed to be joint developments and therefore jointly owned by the Parties without the Parties first specifically identifying those jointly developed works in writing prior to the development thereof. If each Party contributes to the development of a work product and such work product is not identified as a joint work, each Party's ’s ownership rights shall be limited to the portion of the work product developed by it. Each Party will, however, negotiate the transfer or licensing of its ownership rights to the other upon mutually acceptable terms. Each Party shall to the extent specified in the Proposal or tender grant licences or other rights to the other Parties and/or the Client (as appropriate) upon such terms as the Parties shall mutually agree.

Appears in 1 contract

Sources: Strategic Alliance Agreement (PARETEUM Corp)