Additional Inventions definition
Examples of Additional Inventions in a sentence
Under the terms of the License Agreement, Graphite is obtaining this exclusive option to license the Additional Inventions and upon exercise of this option, the Additional Inventions would be included in the Licensed Patents (as defined below) and Technology (as defined below) licensed to Graphite under the License Agreement in each case via an amendment to the License Agreement.
Stanford wants to have the Additional Inventions perfected and marketed as soon as possible so that resulting products may be available for public use and benefit.
However, UMMS makes no representation or warranty that the company does not dispute that nor that it will not institute legal action to make claims to the Additional Inventions nor that such legal action will not have any adverse effect on CytRx’s rights to practice the Patent Rights (as defined in the Amended License Agreement).
UMMS will exercise its best efforts to clarify that the sponsored research agreement with the prior company has been effectively terminated and that such prior company has no license to or other interest in the Additional Inventions or other further rights or options under that sponsored research agreement.
CytRx acknowledges that the Additional Inventions are the subject of a sponsored research agreement with another company that UMMS has terminated.
In consideration for the forgoing assignment of the Additional Inventions, and subject to the terms of this Agreement, SDP hereby grants to LPI the worldwide, exclusive, royalty-free, paid-up, and irrevocable license right to use the Subject Patent Rights for LPI to use to develop, make, have made, use, sell and import products and to practice methods and processes, only within the Permitted Fields (as defined below).
BURF shall take reasonable actions to assure that those researchers exercising the Retained Rights promptly make invention disclosures to BURF regarding any Additional Inventions and delay publication of information regarding such Additional Inventions to the extent necessary to allow time for the preparation and filing of patent applications.
Attached hereto as Exhibit A is a combined listing of the Additional Inventions and the previously assigned inventions and related patent rights (collectively called the ‘Subject Patent Rights”).
In such event, the Parties shall sign an amended Exhibit A-1 to add the Additional Inventions and Patents thereto and in the event that Purchaser’s notification to Seller is subsequent to the Closing, then the Parties shall conduct a subsequent closing and the provisions of Section 7.1 shall apply to the sale, assignment transfer and setting over to Purchaser of the Additional Inventions and Patents, mutatis mutandis.
The Option shall apply to all Additional Inventions made during the term of this Agreement, and Licensee's exercise or failure to exercise the Option with *** Information redacted pursuant to a confidential treatment request.