Ownership of Background IP. All Background IP used in connection with the Project shall remain the property of the Party introducing such Background IP (or, where applicable, the third party from whom its right to use the Background IP has derived). Subject to any third party rights, each Party grants the other a royalty-free, non-exclusive licence to use its Background IP for the purpose of carrying out the Project, but for no other purpose. In the event that the Company needs the University’s Background IP in order to use and exploit the Foreground IP in accordance with the terms of this Agreement, the University shall, where free and able to do so, grant the Company a non-exclusive licence for such use of its Background IP, subject to the agreement of reasonable terms and conditions between the Parties. OWNERSHIP OF FOREGROUND IP [Note – select one option] Foreground IP shall be owned by the Company. The Company hereby grants the University a perpetual, irrevocable, worldwide non-exclusive royalty free licence to use the Foreground IP for the purposes of academic research, teaching and collaboration, including any collaboration with third parties provided that such third parties are not granted any rights to exploit the Foreground IP. OR
Ownership of Background IP. As between the Parties, each Party shall own and retain all right, title and interest in and to its Background IP, and neither Party shall receive any rights under the other Party’s Background IP, except as expressly set forth in the Agreement.
Ownership of Background IP. All Intellectual Property Rights belonging to a Party on or prior to the Effective Date (whether developed by that Party or acquired by it from a Third Party) or developed or acquired by it independently from the performance of its obligations under this Agreement after the Effective Date shall remain vested in that Party.
Ownership of Background IP. Unless expressly specified otherwise in this Agreement, each party (or its licensors, as applicable) will retain ownership of all Intellectual Property Rights subsisting in any Material it provides or makes available to the other party under or in connection with this agreement (“Background IP”). All modifications and enhancements to a party’s Background IP are also to be treated as that party’s Background IP. If a party modifies or enhances the Background IP of the other party, then the first party assigns to the owner of such Background IP all Intellectual Property Rights in those modifications or enhancements immediately from creation.
Ownership of Background IP. Except for such rights that are expressly granted by one Party to the other Party hereunder, ARIDIS shall retain all of its rights, title and interest in and to the ARIDIS Background IP and GSK shall retain all of its rights, title and interest in and to the GSK Background IP.
Ownership of Background IP. The Parties acknowledge and agree that:
Ownership of Background IP. 5.1. All Background IP used in connection with the Project shall remain the property of the Party introducing such Background IP (or, where applicable, the third party from whom its right to use the Background IP has derived).
Ownership of Background IP. All Background Intellectual Property used or supplied under this Agreement in connection with the Project shall remain the property of the Party introducing the same and nothing contained in this Agreement or any licence agreement pursuant to the Project shall affect the rights of either Party in its Background Intellectual Property
Ownership of Background IP. Subject to clause 6.3(a), each Party shall retain all Intellectual Property Rights in its Background IP and nothing in this Agreement transfers ownership in, or otherwise grants any rights in, a Party’s Background to the other Party.
Ownership of Background IP. All Background IP shall remain the exclusive property of the Party which first generated it. Each Party during the term of this Agreement shall be entitled to use the Background IP provided by the other Party only for the purpose of completing the associated Project, and only to the extent required by that Project. Neither Party grants to the other any right whatsoever in Background IP except as specified in this Agreement.
