Common use of Background IP Clause in Contracts

Background IP. Each Party shall retain all title, right and interest in and to its respective Intellectual Property Rights existing as of the date of this Consortium Agreement or which is later developed independently from the Project (the “Background IP”). Unless otherwise agreed herein, nothing in this Consortium Agreement shall be construed as a transfer, license, and/or assignment by a Party to the other Party of ownership of, title, right or interest in and to its respective Background IP.

Background IP. Each The Parties agree that each Party shall retain all titlethe right, right title and interest in and to its respective respec- tive Intellectual Property Rights existing Rights, as of the date of this Consortium Agreement or which is later developed independently from the Project Effective Date (referred to as the “Background IP”). Unless otherwise agreed herein1 To be listed in the Project Agreement (if applicable) agreed, nothing in this Consortium Master Legal Instrument or Project Agreement shall be construed as a transfer, license, and/or and/ or assignment by a Party to the other Party of ownership of, titleright, right or title and interest in and to its respective Background IP.IP.‌‌

Background IP. Each Party shall retain all titlethe right, right title and interest in and to its respective Intellectual Property Rights existing as of the date of this Consortium Agreement or which is later developed independently from the Project Effective Date (referred to as the “Background IP”). Unless otherwise agreed hereinagreed, nothing in this Consortium Master Legal Instrument or any Project Agreement shall be construed as a transfer, license, and/or assignment by a Party to the other Party of ownership of, titleright, right or title and interest in and to its respective Background IP.