Common use of Background Intellectual Property Clause in Contracts

Background Intellectual Property. All Background Intellectual Property of a Party introduced or disclosed to the other Party for the purposes of the Collaborative Research shall remain the property of the Party introducing and/or disclosing the same. The Parties agree that the use of such Background Intellectual Property shall be limited to performing each Party’s obligations under this Agreement.

Background Intellectual Property. All Background Intellectual Property of a Party or the Joint Corporation Institutes introduced or disclosed to the other Party for the purposes of the Collaborative Research shall remain the property of the Party or the Joint Corporation Institutes introducing and/or disclosing the same. The Unless otherwise stated herein, the Parties agree that the use of such Background Intellectual Property shall be limited to performing each Party’s obligations under this Agreement.