Common use of Invention Clause in Contracts

Invention. 11.1 Where the Institution, the Fellowship Applicant, any member of the Project Team or any other person employed, used or engaged in relation to the Project has invented any new product or new process in the course of or as a result of the Project (“the Invention”), the Invention and any patent application or patent arising in respect of it shall, subject to the provisions set out below, be held by the Government and the Institution as co-owners of equal undivided shares. 11.2 Neither party shall submit any patent application without the written consent of the other party, provided that where the Government is not desirous of paying the fees, costs, charges and expenses connected with obtaining the patent for the Invention, the Government shall be entitled to assign its share or interest in the patent application(s) to the Institution at a consideration to be negotiated in good faith and agreed by the parties at the relevant time. 11.3 Where a patent application is to be filed by the parties as co-owners, all fees, costs, charges and expenses connected with obtaining, maintaining and protecting the patent (or patents) arising out of the Invention and preventing infringement shall be borne and paid by the parties in equal proportions. 11.4 Neither party shall assign or charge its share or interest in any patent application or patent(s) or grant a licence under any patent arising out of the Invention to any third party without the written consent of the other. 11.5 All profits arising from the use of the Invention or arising from the exploitation or sale of any such patent or from licences granted under it shall be divided equally between the parties. 11.6 For the avoidance of doubt, it is hereby declared that the provisions of this Clause shall survive the expiration, completion or termination of this Agreement, howsoever occasioned.

Invention. 11.1 Where the Institution, the Fellowship Principal Applicant, any member of the Project Team or any other person employed, used or engaged in relation to the Project has invented any new product or new process in the course of or as a result of the Project (“the Invention”), the Invention and any patent application or patent arising in respect of it shall, subject to the provisions set out below, be held by the Government and the Institution as co-owners of equal undivided shares. 11.2 Neither party shall submit any patent application without the written consent of the other party, provided that where the Government is not desirous of paying the fees, costs, charges and expenses connected with obtaining the patent for the Invention, the Government shall be entitled to assign its share or interest in the patent application(s) to the Institution at a consideration to be negotiated in good faith and agreed by the parties at the relevant time. 11.3 Where a patent application is to be filed by the parties as co-owners, all fees, costs, charges and expenses connected with obtaining, maintaining and protecting the patent (or patents) arising out of the Invention and preventing infringement shall be borne and paid by the parties in equal proportions. 11.4 Neither party shall assign or charge its share or interest in any patent application or patent(s) or grant a licence under any patent arising out of the Invention to any third party without the written consent of the other. 11.5 All profits arising from the use of the Invention or arising from the exploitation or sale of any such patent or from licences granted under it shall be divided equally between the parties. 11.6 For the avoidance of doubt, it is hereby declared that the provisions of this Clause shall survive the expiration, completion or termination of this Agreement, howsoever occasioned.

Invention. 11.1 Where the Institution, the Fellowship Applicant, any member of the Project Team or any other person employed, used or engaged in relation to the Project has invented any new product or new process in the course of or as a result of the Project (“the Invention”), the Invention and any patent application or patent arising in respect of it shall, subject to the provisions set out below, be held by the Government and the Institution as co-owners of equal undivided shares. 11.2 Neither party shall submit any patent application without the written consent of the other party, provided that where the Government is not desirous of paying the fees, costs, charges and expenses connected with obtaining the patent for the Invention, the Government shall be entitled to assign its share or interest in the patent application(s) to the Institution at a consideration to be negotiated in good faith and agreed by the parties at the relevant time. 11.3 Where a patent application is to be filed by the parties as co-owners, all fees, costs, charges and expenses connected with obtaining, maintaining and protecting the patent (or patents) arising out of the Invention and preventing infringement shall be borne and paid by the parties in equal proportions.. SAMPLE 11.4 Neither party shall assign or charge its share or interest in any patent application or patent(s) or grant a licence under any patent arising out of the Invention to any third party without the written consent of the other. 11.5 All profits arising from the use of the Invention or arising from the exploitation or sale of any such patent or from licences granted under it shall be divided equally between the parties. 11.6 For the avoidance of doubt, it is hereby declared that the provisions of this Clause shall survive the expiration, completion or termination of this Agreement, howsoever occasioned.

Invention. 11.1 Where the Institution, the Fellowship Principal Applicant, any member of the Project Team or any other person employed, used or engaged in relation to the Project has invented any new product or new process in the course of or as a result of the Project (“the Invention”), the Invention and any patent application or patent arising in respect of it shall, subject to the provisions set out below, be held by the Government and the Institution as co-owners of equal undivided shares.. SAMPLE 11.2 Neither party shall submit any patent application without the written consent of the other party, provided that where the Government is not desirous of paying the fees, costs, charges and expenses connected with obtaining the patent for the Invention, the Government shall be entitled to assign its share or interest in the patent application(s) to the Institution at a consideration to be negotiated in good faith and agreed by the parties at the relevant time. 11.3 Where a patent application is to be filed by the parties as co-owners, all fees, costs, charges and expenses connected with obtaining, maintaining and protecting the patent (or patents) arising out of the Invention and preventing infringement shall be borne and paid by the parties in equal proportions. 11.4 Neither party shall assign or charge its share or interest in any patent application or patent(s) or grant a licence under any patent arising out of the Invention to any third party without the written consent of the other. 11.5 All profits arising from the use of the Invention or arising from the exploitation or sale of any such patent or from licences granted under it shall be divided equally between the parties. 11.6 For the avoidance of doubt, it is hereby declared that the provisions of this Clause shall survive the expiration, completion or termination of this Agreement, howsoever occasioned.