Compound Foreground IP Clause Samples
Compound Foreground IP. MRK shall, at its sole discretion, be responsible for the filing, prosecution, maintenance, abandonment and enforcement of the Compound Foreground IP. MRK will bear its own costs for the Compound Foreground IP.
Compound Foreground IP. All right, title and interest in and to all Compound Foreground IP, irrespective of inventorship, hereby vests in Millennium. Precision hereby assigns, and upon Millennium’s written request Precision will promptly execute assignment documents to transfer, to Millennium any rights that it may have in or to any Compound Foreground IP. Millennium, in its sole discretion, is responsible for the filing, prosecution, maintenance, abandonment and enforcement of such Compound Foreground IP. Notwithstanding the foregoing, in the event that a Collaboration Target becomes a Non-Nominated Target, any assignment of Compound Foreground IP related to such Non-Nominated Target made by Precision to Millennium shall automatically revert to Precision, and Millennium will promptly execute any assignment or related documents requested by Precision to restore to Precision any rights that it had in or to any such Compound Foreground IP.