Common use of Exclusivity Period Clause in Contracts

Exclusivity Period. By submitting your Proposed Solution you agree to grant to InnoCentive and the Seeker the following rights, for a period of 90 days (the "Exclusivity Period") from the deadline set forth in the Challenge Statement (the "Deadline"): (a) an exclusive option to acquire the rights to the Proposed Solution and your associated work product (the "Work Product") for use in connection with the Challenge (the "Option"), as described in this Agreement and (b) a non-exclusive, worldwide license to use, copy, distribute and create derivative works of the Work Product for purposes of review, analysis and testing the Solution on a theoretical basis, (collectively, these nonexclusive rights and the Option are referred to as the "Exclusive Option Rights"). InnoCentive will make reasonable efforts to transmit relevant Proposed Solutions to Seekers, however, nothing herein shall be construed as requiring InnoCentive to transmit every Proposed Solution submitted in Proposed Solution to an Challenge to a Seeker. In addition, by submitting your Proposed Solution you thereby agree to provide reasonable assistance and additional information concerning Work Product and your Proposed Solution to InnoCentive or the Seeker during the Exclusivity Period, if requested. By granting the Exclusive Option Rights you agree that during the Exclusivity Period, you are prohibited from (x) using, the Proposed Solution or the Work Product or (y) disclosing to or granting or assigning or transferring any rights to a third party to use the Proposed Solution or the Work Product for any, including the application for patents or similar intellectual property rights.

Exclusivity Period. By submitting your Proposed Solution you agree to grant to InnoCentive and the Seeker the following rights, for a period of 90 days (the "Exclusivity Period") from the deadline set forth in the Challenge Statement (the "Deadline"): (a) an exclusive option to acquire the rights to the Proposed Solution and your associated work product (the "Work Product") for use in connection with the Challenge (the "Option"), as described in this Agreement and (b) a non-exclusive, worldwide license to use, copy, distribute and create derivative works of the Work Product for purposes of review, analysis and testing the Solution on a theoretical basis, (collectively, these nonexclusive rights and the Option are referred to as the "Exclusive Option Rights"). InnoCentive will make reasonable efforts to transmit relevant Proposed Solutions to Seekers, however, nothing herein shall be construed as requiring InnoCentive to transmit every Proposed Solution submitted in Proposed Solution to an a Challenge to a Seeker. In addition, by submitting your Proposed Solution you thereby agree to provide reasonable assistance and additional information concerning Work Product and your Proposed Solution to InnoCentive or the Seeker during the Exclusivity Period, if requested. By granting the Exclusive Option Rights you agree that during the Exclusivity Period, you are prohibited from (x) using, the Proposed Solution or the Work Product or (y) disclosing to or granting or assigning or transferring any rights to a third party to use the Proposed Solution or the Work Product for any, including the application for patents or similar intellectual property rights.