Ipsen Future Know Sample Clauses
The 'Ipsen Future Know' clause establishes the rights and obligations regarding intellectual property or knowledge that may be developed in the future as part of a collaboration or agreement involving Ipsen. Typically, this clause outlines how any inventions, discoveries, or improvements made after the agreement's effective date will be owned, shared, or licensed between the parties. For example, it may specify whether future know-how generated by either party individually or jointly will be automatically assigned to Ipsen or subject to separate negotiation. The core function of this clause is to preemptively address the ownership and use of future intellectual property, thereby reducing uncertainty and potential disputes as new knowledge is created during the course of the relationship.
Ipsen Future Know. How shall mean all Know-How that (A) Ipsen or any of its Affiliates owns or Controls at any time after the Effective Date (and not on or prior to the Effective Date) and during the Term and (B) either (i) is reasonably necessary to research, develop, manufacture, market, promote, use, sell, import or export any * CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
Ipsen Future Know. How shall mean all Know-How that (A) Ipsen or any of its Affiliates owns or Controls at any time after the Effective Date (and not on or prior to the Effective Date) and during the Term and (B) either (i) is reasonably necessary to research, develop, manufacture, market, promote, use, sell, import or export any Licensed Product or any Unlicensed Product or (ii) is used or practiced by Ipsen, its Affiliates, sublicensees or contractors in connection with the research, Development, manufacture, marketing, promotion, use, sale, import or export of any Competing Product. Notwithstanding the foregoing provisions of this definition, the term “Ipsen Future Know-How” shall not include Joint Know-How, Ipsen Know-How, Ipsen New Formulation Know-How. * CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.