Joint Project Intellectual Property definition
Examples of Joint Project Intellectual Property in a sentence
In the absence of the parties entering into such an agreement, each party may exploit or license its own interest in the Joint Project Intellectual Property without accounting to the other and either party may apply for patent protection, provided that all such applications must be joint and the filing party will bear all costs and will include the non-filing party on all communications with the patent office.
As more particularly set forth in the Protiva-Monsanto Services Agreement, and subject to the license granted by Monsanto in the Protiva-Monsanto Services Agreement, Monsanto is and shall at all times remain owner of any Joint Project Intellectual Property.
USC will notify Sponsor in writing of any USC Project Intellectual Property or Joint Project Intellectual Property after a written invention disclosure is received by the USC ▇▇▇▇▇▇▇ Institute for Innovation.
Sponsor will notify USC in writing of any Joint Project Intellectual Property promptly after it receives a written disclosure thereof.
In any such exclusive license, USC will reserve for itself, and other non-profit research institutions, a royalty-free, irrevocable license to make and use the USC Project Intellectual Property or Joint Project Intellectual Property for research, educational and clinical research purposes.
All rights, title and interest to Joint Project Intellectual Property shall belong jointly to USC and Sponsor.
If Sponsor does not exclusively license USC’s interests in any Joint Project Intellectual Property, the parties shall upon the request of either party negotiate in good faith to reach agreement on the joint management of such Joint Project Intellectual Property, including the patenting and commercialization thereof.
Sponsor has a time-limited right to negotiate an exclusive, worldwide, royalty-bearing license to USC’s interest in USC Project Intellectual Property and Joint Project Intellectual Property in accordance with this Section 11.
If Sponsor does not exercise its right to negotiate a license during the Election Period or the parties fail to execute a license agreement prior to the end of the Negotiation Period, then USC shall be free to exploit or license its interests in the USC Project Intellectual Property or Joint Project Intellectual Property without further obligation to Sponsor.
If the Parties cannot mutually agree on such [***], such Joint Project Intellectual Property and Joint Project Patents shall remain jointly owned by the Parties.