Common use of Exploitation of Joint Technology Clause in Contracts

Exploitation of Joint Technology. Subject to the rights and licenses granted to, and the obligations of, each Party in this Agreement, either Party is entitled to practice, license, sublicense, or otherwise transfer rights in and to the Joint Patent Rights and Joint Know-How without the consent of and without a duty of accounting to the other Party. Each Party will grant and hereby does grant to the other Party all permissions, consents, and waivers with respect to, and all licenses under, the Joint Patent Rights and Joint Know-How, throughout the world, necessary to provide the other Party with such rights of use and Exploitation of the Joint Patent Rights and Joint Know-How, and will execute documents as necessary to accomplish the foregoing.

Exploitation of Joint Technology. Subject to the rights and licenses granted to, and the obligations ofof each Party, each Party in this Agreement, either Party is entitled to practice, license, sublicense, or otherwise transfer rights in and to practice the Joint Patent Rights Patents and Joint Know-How for all purposes on a worldwide basis and license the Joint Patents and Joint Know-How without the consent of and without a duty of accounting to the other Party. Each Party will grant and hereby does grant to the other Party all permissions, consents, consents and waivers with respect to, and all licenses under, the Joint Patent Rights Patents and Joint Know-How, throughout the world, necessary to provide the other Party with such rights of use and Exploitation of the Joint Patent Rights Patents and Joint Know-How, and will execute documents as necessary to accomplish the foregoing.