Common use of Confirmatory Assignments; Inventor Compensation Clause in Contracts

Confirmatory Assignments; Inventor Compensation. Each Party shall take all reasonable actions requested by the other Party responsible for prosecuting any Development Program Patent to perfect or separately document the other Party’s ownership interest rights in such Development Program Patent as provided for in this Agreement, including by causing its and its applicable Affiliates’ and Third Party Subcontractors’ employees and agents to execute appropriate assignment documents, and the requesting Party shall not be required to pay any remuneration to the other Party or its Affiliates or Third Party Subcontractors, or any of their employees, or agents, for the execution of any assignments or other papers pursuant to this Section. For clarity, each Party (directly or through its applicable Affiliate or Third Party Subcontractor) shall be solely responsible for any compensation due to its and its Affiliates’ and Third Party Subcontractors’ employees and agents in connection with the assignment of their respective rights to any Development Program Inventions and associated Development Program Patents pursuant to this Agreement or the exploitation of any Party or its Affiliates or Third Party sublicensees hereunder of any such Development Program Inventions or associated Development Program Patents with respect to Licensed Compounds or Licensed Products, including any required by operation of Applicable Law on account of any Commercialization of any such Development Program Inventions with respect to Licensed Compounds or Licensed Products hereunder.

Appears in 2 contracts

Samples: License and Option Agreement (Tracon Pharmaceuticals, Inc.), License and Option Agreement (Tracon Pharmaceuticals, Inc.)

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Confirmatory Assignments; Inventor Compensation. Each Party shall take all reasonable actions requested by the other Party responsible for prosecuting any Development Program Collaboration Patent Right to perfect or separately document the other Party’s ownership interest rights in such Development Program Collaboration Patent Right as provided for in this Agreement, including by causing its and its applicable Affiliates’ and Third Party Subcontractors’ employees and agents to execute appropriate assignment documents, and the requesting Party shall not be required to pay any remuneration to the other Party or its Affiliates or [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Act of 1934, as amended. Third Party Subcontractors, or any of their employees, or agents, for the execution of any assignments or other papers pursuant to this SectionSection 8.2.3. For clarity, each Party (directly or through its applicable Affiliate or Third Party Subcontractor) shall be solely responsible for any compensation directly due to its and its Affiliates’ and Third Party Subcontractors’ employees and agents (a) in connection with the assignment of their respective rights to any Development Program Collaboration Inventions and associated Development Program Patents Collaboration Patent Rights pursuant to this Agreement Agreement, or (b) the exploitation of by any Party or its Affiliates or Third Party sublicensees hereunder of any such Development Program Collaboration Inventions or associated Development Program Patents Collaboration Patent Rights with respect to Licensed Compounds or Licensed Products, including in each case any required by operation of Applicable Law on account of any Commercialization of any such Development Program Collaboration Inventions with respect to Licensed Compounds or Licensed Products hereunder.

Appears in 2 contracts

Samples: License and Collaboration Agreement, License and Collaboration Agreement (Protagonist Therapeutics, Inc)

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Confirmatory Assignments; Inventor Compensation. Each Party shall take all reasonable actions requested by the other Party responsible for prosecuting any Development Program Collaboration Patent Right to perfect or separately document the other Party’s ownership interest rights in such Development Program Collaboration Patent Right as provided for in this Agreement, including by causing its and its applicable Affiliates’ and Third Party Subcontractors’ employees and agents to execute appropriate assignment documents, and the requesting Party shall not be required to pay any remuneration to the other Party or its Affiliates or Third Party Subcontractors, or any of their employees, or agents, for the execution of any assignments or other papers pursuant to this SectionSection 8.2.3. For clarity, each Party (directly or through its applicable Affiliate or Third Party Subcontractor) shall be solely responsible for any compensation directly due to its and its Affiliates’ and Third Party Subcontractors’ employees and agents (a) in connection with the assignment of their respective rights to any Development Program Collaboration Inventions and associated Development Program Patents Collaboration Patent Rights pursuant to this Agreement Agreement, or (b) the exploitation of by any Party or its Affiliates or Third Party sublicensees hereunder of any such Development Program Collaboration Inventions or associated Development Program Patents Collaboration Patent Rights with respect to Licensed Compounds or Licensed Products, including in each case any required by operation of Applicable Law on account of any Commercialization of any such Development Program Collaboration Inventions with respect to Licensed Compounds or Licensed Products hereunder.

Appears in 1 contract

Samples: License and Collaboration Agreement (Protagonist Therapeutics, Inc)

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