INTELLECTUAL PROPERTY AND LICENSE RIGHTS. 7.1. Each Party shall remain the owner or authorised user of all its Background IP and nothing in this Agreement, save as specifically provided for herein, shall be deemed to grant impliedly or otherwise, ownership of or rights of use of such Background IP to the other Party. Each Party may, at its sole discretion, disclose its Background IP to the other Party for use in connection with the Research Project but such Background IP shall only be used by the other Party for the purpose of the Research Project and for no other purpose. It is agreed that no Party shall be compelled to disclose any of its trade secrets or Confidential Information as part of its Background IP licensed hereunder.
Appears in 4 contracts
Samples: Licensing and Research Collaboration Agreement, And Research Collaboration Agreement (ASLAN Pharmaceuticals LTD), And Research Collaboration Agreement (ASLAN Pharmaceuticals LTD)
