Commercialization by the Inventor. a. The Inventor, subject to the conditions in Clause 6, may elect to undertake the Commercialization process. b. In the event that the Inventor elects to undertake the Commercialization process, the University will have the right to either approve or prevent the first transaction by which the rights to the PIP are affected. c. The University will have the right to either approve or prevent any subsequent transactions by which the rights to the PIP are affected where any party directly or indirectly involved is not at arm’s length to the Inventor. d. University approval or prevention of transactions shall not be unreasonably withheld or exercised.
Appears in 7 contracts
Samples: Contract Academic Staff Agreement, Sessionals and Other Temporary Staff Agreement, Faculty Service Officer Agreement
Commercialization by the Inventor. a. The Inventor, subject to the conditions in Clause 6, may elect to undertake the Commercialization process.
b. In the event that the Inventor elects to undertake the Commercialization process, the University will have the right theright to either approve or prevent the first transaction by which the rights to the PIP are affected.
c. The University will have the right to either approve or prevent any subsequent transactions by which the rights to the PIP are affected where any party directly or indirectly involved is not at arm’s length to the Inventor.
d. University approval or prevention of transactions shall not be unreasonably withheld or exercised.
Appears in 1 contract
Samples: Academic Teaching Staff Agreement
