Common use of Commercialization by the University Clause in Contracts

Commercialization by the University. a. Where there is more than one Inventor the University will have the option to undertake Commercialization only in those cases where: i. The Inventors unanimously agree that they wish the University to undertake Commercialization; or ii. There is disagreement among the Inventors as to whether to pursue Commercialization, or as to how the Commercialization process is to proceed; or iii. The University is not satisfied that all Inventors have been fully informed and are willing participants in the decision to pursue Commercialization or not. b. In the case where the University undertakes Commercialization, ownership shall be assigned to the University to manage the process.

Appears in 8 contracts

Samples: Academic Teaching Staff Agreement, Contract Academic Staff Agreement, Sessionals and Other Temporary Staff Agreement

AutoNDA by SimpleDocs

Commercialization by the University. a. a) Where there is more than one Inventor the University will have the option to undertake Commercialization only in those cases where: i. The Inventors unanimously agree that they wish the University to undertake Commercialization; or ii. There is disagreement among the Inventors as to whether to pursue Commercialization, or as to how the Commercialization process is to proceed; or iii. The University is not satisfied that all Inventors have been fully informed and are willing participants in the decision to pursue Commercialization or not. b. In the case where the University undertakes Commercialization, ownership shall be assigned to the University to manage the process.

Appears in 2 contracts

Samples: Faculty Service Officer Agreement, Faculty Agreement

AutoNDA by SimpleDocs

Commercialization by the University. a. a) Where there is more than one Inventor the University will have the option to undertake Commercialization only in those cases where: i. The Inventors unanimously agree that they wish the University to undertake Commercialization; or ii. There is disagreement among the Inventors as to whether to pursue Commercialization, or as to how the Commercialization process is to proceed; or iii. The University is not satisfied that all Inventors have been fully informed and are willing participants in the decision to pursue Commercialization or not. b. b) In the case where the University undertakes Commercialization, ownership shall be assigned to the University to manage the process.

Appears in 2 contracts

Samples: Librarian Agreement, Temporary Administrative and Professional Staff Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!