Commercialisation of Foreground IP Sample Clauses

Commercialisation of Foreground IP. (a) The Consortium Project Manager shall notify the Parties in writing of the availability of Foreground IP for Commercialisation which shall count as the effective date for the commencement of the Option Period. The timing of such notification shall be as agreed at Schedule 3.
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Commercialisation of Foreground IP. 12.1. The Collaborator shall provide a commercialisation plan (the “Commercialisation Plan”) for JTC’s review and approval before completion of the works set out in Schedule 1 (which approval shall not be unreasonably withheld. The Commercialisation Plan shall contain such details and commercialisation milestones (“Commercialisation Milestones”, each a “Commercialisation Milestone”) as may be prescribed by JTC (if any).
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Commercialisation of Foreground IP. 12.1. The Parties hereby appoint the Collaborator as the commercialisation lead party to lead the commercialisation efforts in respect of the Foreground IP. The Collaborator shall use good faith diligence to seek commercialisation of the Foreground IP.
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Commercialisation of Foreground IP. The Consortium Project Manager shall notify the Parties in writing of the availability of Foreground IP for Commercialisation which shall count as the effective date for the commencement of the Option Period. The timing of such notification shall be as agreed at Schedule 3. Each Party shall have the option during the Option Period to commence negotiation of a Licence to such Foreground IP. If any Party wishes to exercise an Option, it shall notify the Owning Party or Lead Owning Party, as appropriate, in writing within the applicable Option Period. On receipt of the notification to exercise the Option, the Owning Party or Lead Owning Party and the Party in question shall negotiate in good faith, with the aim of concluding a Licence during the Negotiation Period. If a Party does not exercise an Option within the applicable Option Period then that Party’s Option shall lapse. If a Party exercises an Option and no Licence is agreed within the Negotiation Period, that Party’s particular Option shall lapse.
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Related to Commercialisation of Foreground IP

  • Foreground IP This subparagraph d. shall not apply to unmodified commercial off‐the‐shelf goods. If Services or goods are developed, modified or redesigned pursuant to this Contract then the paragraphs below apply.

  • Background IP Each Party will own all right, title and interest in its Background IP.

  • Commercialization Intrexon shall have the right to develop and Commercialize the Reverted Products itself or with one or more Third Parties, and shall have the right, without obligation to Fibrocell, to take any such actions in connection with such activities as Intrexon (or its designee), at its discretion, deems appropriate.

  • Patent/Copyright Materials/Proprietary Infringement Unless otherwise expressly provided in this Contract, Contractor shall be solely responsible for clearing the right to use any patented or copyrighted materials in the performance of this Contract. Contractor warrants that any software as modified through services provided hereunder will not infringe upon or violate any patent, proprietary right or trade secret right of any third party. Contractor agrees that, in accordance with the more specific requirement contained in paragraph 18 below, it shall indemnify, defend and hold County and County Indemnitees harmless from any and all such claims and be responsible for payment of all costs, damages, penalties and expenses related to or arising from such claim(s), including, but not limited to, attorney’s fees, costs and expenses.

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