Common use of Intellectual Property Policy Clause in Contracts

Intellectual Property Policy. Sponsoring Institution acknowledges and Sponsoring Institution accepts Xxxx’s Lemonade Stand Foundation’s Intellectual Property policy (attached hereto). • Sponsoring Institution must notify ALSF in writing if an invention disclosure is filed or if there is any monetization event related to ALSF-funded work. • Prior to distributing or providing any of the grant funds to an Other Institution, Sponsoring Institution will require each Other Institution to acknowledge and agree to the attached Intellectual Property Policy and to execute a counterpart signature page to the attached Intellectual Property Policy acknowledging and agreeing to such policy. All references in the attached Intellectual Property Policy to “Sponsoring Institution” shall also include the Other Institutions. For all purposes, ALSF shall be expressly deemed an intended third party beneficiary with respect to any arrangement or agreement that Sponsoring Institution enters into with an Other Institution with respect to the funds under this Agreement, and ALSF shall have the right to enforce the obligations and obtain the benefits of the attached Intellectual Property Policy with respect to the Other Institutions and shall have the right to enforce the terms and conditions of this Agreement and the attached Intellectual Property Policy on behalf of the Sponsoring Institution.

Intellectual Property Policy. Sponsoring Institution acknowledges and Sponsoring Institution accepts XxxxAlex’s Lemonade Stand Foundation’s Intellectual Property policy (attached hereto). • Sponsoring Institution must notify ALSF in writing if an invention disclosure is filed or if there is any monetization event related to ALSF-funded work. • Prior to distributing or providing any of the grant funds to an Other Institution, Sponsoring Institution will require each Other Institution to acknowledge and agree to the attached Intellectual Property Policy and to execute a counterpart signature page to the attached Intellectual Property Policy acknowledging and agreeing to such policy. All references in the attached Intellectual Property Policy to “Sponsoring Institution” shall also include the Other Institutions. For all purposes, ALSF shall be expressly deemed an intended third party beneficiary with respect to any arrangement or agreement that Sponsoring Institution enters into with an Other Institution with respect to the funds under this Agreement, and ALSF shall have the right to enforce the obligations and obtain the benefits of the attached Intellectual Property Policy with respect to the Other Institutions and shall have the right to enforce the terms and conditions of this Agreement and the attached Intellectual Property Policy on behalf of the Sponsoring Institution.