ARCHEMIX Background Technology Sample Clauses
The "ARCHEMIX Background Technology" clause defines and delineates the proprietary technologies, know-how, and intellectual property that ARCHEMIX owns or controls prior to entering into the agreement, or that are developed independently outside the scope of the collaboration. This clause typically specifies what constitutes background technology, such as patents, software, or technical information, and clarifies that such assets remain the property of ARCHEMIX even if used during the partnership. Its core function is to prevent confusion or disputes over ownership by clearly separating pre-existing ARCHEMIX assets from any jointly developed or project-specific technology.
ARCHEMIX Background Technology. ARCHEMIX, at its sole expense and acting through patent counsel or agents of its choice, shall be responsible for the preparation, filing, prosecution and maintenance of all Patent Rights covering ARCHEMIX Background Technology. Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 406 of the Securities Act.