Examples of Jointly Owned Intellectual Property in a sentence
In the event that either or both Parties are pursuing enforcement pursuant to SECTION 5.2 (Enforcement of Jointly Owned Intellectual Property Rights), any licensing of the respective Jointly Owned Intellectual Property Right to the alleged Third Party infringer shall be pursued (with the intent that the actual or alleged infringement is regularized by appropriate license terms) by the Party or Parties pursuing the action until the conclusion of the respective action.
Both parties agree to execute without further consideration any and all further documents or assurances as may be necessary to effect the above or to assist one party in protecting (including the filing of patents) the Jointly Owned Intellectual Property.
Each Party shall promptly notify the other Party if it becomes aware of a possible infringement by a Third Party of any Jointly Owned Intellectual Property Rights.
Intellectual Property Rights originated, discovered or developed jointly by both parties ("Jointly Owned Intellectual Property") shall be jointly owned and each party shall have the unrestricted right under Jointly Owned Intellectual Property to make, use, sub-license and/or sell any product anywhere in the world, in Object Code form only, without any restriction by the other party.
For purposes of this Section 14.6, such Intellectual Property shall be referred to as the “Jointly Owned Intellectual Property”, and each of the two joint owners of the Jointly Owned Intellectual Property shall be referred to as a “Joint Owner”.