Common use of Compensation and Royalties Clause in Contracts

Compensation and Royalties. 7.1 In consideration for PHAGE’s assignment of a 50% ownership interest in all existing Patent Rights within the Field and its agreement to jointly hold all future Patent Rights within the Field, CARDIO agrees to either (at CARDIO’s sole discretion):

Appears in 3 contracts

Samples: Joint Patent Ownership and License Agreement, Joint Patent Ownership and License Agreement (CardioVascular BioTherapeutics, Inc.), Joint Patent Ownership and License Agreement (CardioVascular BioTherapeutics, Inc.)

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Compensation and Royalties. 7.1 In consideration for PHAGE’s ’S assignment of a 50% ownership interest in all existing Patent Rights within the Field and its agreement to jointly hold all future Patent Rights within the Field, CARDIO agrees to either (at CARDIO’s sole discretion):

Appears in 1 contract

Samples: Joint Patent Ownership and License Agreement (Phage Biotechnology CORP)

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