Commercialization of an Invention Through PARTEQ. 16.5.1 If an Inventor elects to use the services of PARTEQ and PARTEQ agrees to commit its resources for the protection and commercialization of the Invention, the sharing of net revenues will be in accordance with the business practices of PARTEQ, as approved by its Board of Directors, or in accordance with the agreement between the Inventor(s) and PARTEQ. 16.5.2 An agreement between an Inventor and PARTEQ may provide for the assignment by the Inventor of moral rights respecting modification. 16.5.3 All agreements between an Inventor and PARTEQ shall contain a provision for the settlement of disputes by arbitration, with the costs to be divided equally. The University undertakes to make all reasonable efforts to assist in the resolution of such disputes. Any periodic review of the relationship with PARTEQ by the University shall take fully into account the level of satisfaction of Inventors who have contracts with PARTEQ. 16.5.4 An Inventor has the right to withdraw from agreements with PARTEQ under the following circumstances: (a) Where the restrictions associated with the exploitation are substantially interfering with the ability of the Inventor to pursue his or her scholarly research and the Inventor agrees not to seek subsequently to exploit the intellectual property for commercial purposes, or (b) PARTEQ has failed to bring appropriate skills and effort to bear on the exploitation over a period of time. 16.5.5 The applicability of Article 16.5.4 may be the subject of a grievance under Article 19. 16.5.6 In the case of Article 16.5.4(a), the Inventor is not obliged to repay the disbursements of PARTEQ. In the case of Article 16.5.4(b), the Member shall be liable to PARTEQ for its disbursements. The Inventor shall then be reassigned the title and beneficial interest in the intellectual property.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
