Common use of Guidance Note for clause 7 Clause in Contracts

Guidance Note for clause 7. 1: The Licensee will be the owner of any Improvements (that the Licensee creates under the Licence) by default, but the parties can agree to amend this to the Licensor and specify it in the Details Schedule. In general, it would be appropriate for the Licensor to be the owner if items of Improvements are required to be incorporated back into the Licensed IPR (and potentially licensed to other parties by the Licensor, either following the Term, or if that part of the rights are non-exclusive or Field/Territory limited). If the Licensee is the owner, the Licensee may alternatively grant to the Licensor a licence to use the Improvements on the terms in the Details Schedule. If improvements created by the Licensor are being licensed to the Licensee, the scope of the Licensed IPR should describe this, or be amended (as required) to include these improvements. There are a range of alternative approaches to dealing with Improvements, depending on the context of the transaction. This template should be regarded as a starting point for negotiation on these aspects. The parties should also consider how ownership of and rights to Improvements impacts on the Fees payable.

Guidance Note for clause 7. 1: The Licensee will be the owner of any Improvements (that the Licensee creates under the Licence) by default, but the parties can agree to amend this to the Licensor and specify it in the Details Schedule. In general, it would be appropriate for the Licensor to be the owner if items of Improvements are required to be incorporated back into the Licensed IPR (and potentially licensed to other parties by the Licensor, either following the Term, or if that part of the rights are non-exclusive or Field/Territory limited). If the Licensee is the owner, the Licensee may alternatively grant to the Licensor a licence to use the Improvements on the terms in the Details Schedule. If improvements created by the Licensor are being licensed to the Licensee, the scope of the Licensed IPR should describe this, or be amended (as required) to include these improvements. There are a range of alternative approaches to dealing with Improvements, depending on the context of the transaction. This template should be regarded as a starting point for negotiation on these aspects. The parties should also consider how ownership of and rights to Improvements impacts on the Fees payable.. Improvements

Guidance Note for clause 7. 1: The Licensee will be the owner of any Improvements (that the Licensee creates under the Licence) by default, but the parties can agree to amend this to the Licensor and specify it in the Details Schedule. In general, it would be appropriate for the Licensor to be the owner if items of Improvements are required to be incorporated back into the Licensed IPR (and potentially licensed to other parties by the Licensor, either following the Term, or if that part of the rights are non-exclusive or FieldApplication/Territory limited). If the Licensee is the owner, the Licensee may alternatively grant to the Licensor a licence to use the Improvements on the terms in the Details Schedule. If improvements created by the Licensor are being licensed to the Licensee, the scope of the Licensed IPR should describe this, or be amended (as required) to include these improvements. There are a range of alternative approaches to dealing with Improvements, depending on the context of the transaction. This template should be regarded as a starting point for negotiation on these aspects. The parties should also consider how ownership of and rights to Improvements impacts on the Fees payable.Improvements

Guidance Note for clause 7. 1: The Licensee will be the owner of any Improvements (that the Licensee creates under the Licence) by default, but the parties can agree to amend this to the Licensor and specify it in the Details Schedule. In general, it would be appropriate for the Licensor to be the owner if items of Improvements are required to be incorporated back into the Licensed IPR (and potentially licensed to other parties by the Licensor, either following the Term, or if that part of the rights are non-exclusive or FieldApplication/Territory limited). If the Licensee is the owner, the Licensee may alternatively grant to the Licensor a licence to use the Improvements on the terms in the Details Schedule. If improvements created by the Licensor are being licensed to the Licensee, the scope of the Licensed IPR should describe this, or be amended (as required) to include these improvements. There are a range of alternative approaches to dealing with Improvements, depending on the context of the transaction. This template should be regarded as a starting point for negotiation on these aspects. The parties should also consider how ownership of and rights to Improvements impacts on the Fees payable.