Common use of Intellectual Property Rights Agreement Clause in Contracts

Intellectual Property Rights Agreement. When it is deemed likely that a Project Invention may be created, the Recipient shall be required to conclude an Intellectual Property Rights Agreement with the Centre in relation to the Intellectual Property right considerations that might flow from the creation of such Project Inventions, the timing for which shall be set out in Part 3 – Schedule of Project Milestones. Such Intellectual Property Rights Agreement shall be incorporated by reference herein and appended as an amendment to this Agreement.