Dual Improvements Clause Samples
The Dual Improvements clause defines how enhancements or modifications made jointly by both parties during the course of their collaboration are to be handled. Typically, this clause specifies the ownership, usage rights, and responsibilities regarding improvements that result from the combined efforts or intellectual contributions of both sides. For example, if both parties contribute to developing a new technology or process, the clause will outline whether both have equal rights to use or commercialize the resulting improvement. Its core practical function is to prevent disputes by clearly allocating rights and obligations related to jointly developed improvements, ensuring both parties understand their entitlements and limitations.
Dual Improvements. In the event Licensee and NCT jointly discover, develop or create any intellectual property whether patentable or non-patentable that is or could be an Improvement under both Sections 6.1 and 6.2 above, all rights and interest in and to such intellectual property shall be owned equally by Licensee and NCT and each party hereby grants to the other a royalty free, perpetual, irrevocable license to use and exploit any such intellectual property.
Dual Improvements. To the extent that a particular item of Program Technology constitutes Dual Improvement Technology, the Parties shall discuss in good faith whether any such Dual Improvement Technology can be divided, assigned and owned in accordance with subsection (iii) (A) and (B) above, or made subject to separate Patent filings to be assigned accordingly; and to the extent no such division is possible, the Dual Improvement Technology shall be treated as Jointly-Owned Program Technology in accordance with Section 6.2(c)(ii).
Dual Improvements. In the event the Network Station Affiliate and NCT or DMC jointly discover, develop or create any intellectual property whether patentable or non-patentable that is or could be an Improvement under both Sections 6.1 and 6.2 above, all rights and interest in and to such intellectual property shall be owned equally by the Network Station Affiliate and NCT or DMC and each party hereby grants to the other a royalty free, perpetual, irrevocable license to use and exploit any such intellectual property.
Dual Improvements. In the event Licensee and Licensor jointly discover, develop or create any intellectual property, whether patentable or non-patentable, that is or could be an Improvement under both Sections 6.1 and 6.2 hereof, all rights and interest in and to such intellectual property shall be owned equally by Licensee and Licensor, and each party hereby grants to the other a royalty free, perpetual, irrevocable license to use and exploit any such intellectual property.