Common use of Inventions/Patents Clause in Contracts

Inventions/Patents. Any discoveries or inventions which are conceived or reduced to practice during the term of this Agreement and which directly result from the performance of the research hereunder, as well as any patent applications and patents therefor, shall be owned by RDF but shall be subject to Company's license as set forth below. RDF shall have the right in the first instance to elect to prepare, file, prosecute and maintain patent applications for such inventions and, if it declines to do so, Company shall have the right to do so. Neither Company nor RDF CONFIDENTIAL TREATMENT REQUEST will forego or abandon such patenting efforts without first notifying the other party of its intent and allowing such other party the opportunity to pursue patenting at the latter's sole expense and responsibility.

Inventions/Patents. Any discoveries or inventions which are conceived or reduced to practice during the term of this Agreement and which directly result from the performance of the research hereunder, as well as any patent applications and patents therefor, shall be owned by RDF but shall be subject to Company's ’s license as set forth below. RDF shall have the right in the first instance to elect to prepare, file, prosecute and maintain patent applications for such inventions and, if it declines to do so, Company shall have the right to do so. Neither Company nor RDF CONFIDENTIAL TREATMENT REQUEST will forego or abandon such patenting efforts without first notifying the other party of its intent and allowing such other party the opportunity to pursue patenting at the latter's ’s sole expense and responsibility.