Joint Contributions Clause Samples
The Joint Contributions clause defines how intellectual property or work products created collaboratively by two or more parties will be owned and managed. Typically, this clause specifies that each party will have equal or shared rights to use, modify, and exploit the jointly developed materials, regardless of which party contributed more to the creation. By clearly outlining the rights and responsibilities regarding joint work, this clause helps prevent future disputes over ownership and usage, ensuring that all contributors have a clear understanding of their entitlements.
Joint Contributions. 4.1 Potential areas for collaborative research will be identified and recorded in subsequent research specific agreement(s) that set out appropriate and relevant contributions by the Parties. This may include:
(a) Access to its research laboratories and assist in development of projects involving the parties.
(b) Joint submission of research proposals to national and international organisations to obtain support for their common research objectives.
(c) AU and CBTPL shall work specifically in the areas defined in Para (i) and para 3.1.
4.2 The parties acknowledge that all specific financial arrangements proposed must be negotiated and will depend upon the availability of funds and organizational approvals.
Joint Contributions. (a) The parties will fund (by loan) equally operating costs associated with Stage One activities, expected not to exceed CAD $[***] per month. Therefore, each Party will contribute CAD $[***] each month following until the JV SERVICE is cashflow positive
(b) Each Party will lend the JV SERVICE CAD $[***] by no later than September 15,2020 for the purchase of a Quanterix SIMOA HD-X.
(c) Any additional capital expenditures, or major expense projects (such as a validation clinical trial) will require the consent of both parties and will be funded 50/50 unless otherwise agreed by both parties.
(d) The Newco, a new BC registered corporation is planned to be established in the near future to provide the JV SERVICE, and additional non-voting shares in the Newco can be sold to familiar and supportive 3rd parties such as ProMIS shareholders and friends and family of the founders up to value of USD $[***] and at a pre-money value agreeable to BCNI and ProMIS.
Joint Contributions. 4.1 Potential areas for collaborative research will be identified and recorded in subsequent research specific agreement(s) that set out appropriate and relevant contributions by the Parties. This may include
i. Access to its research laboratories and assists in development of projects involving the parties.
ii. Joint submission of research proposals to national and international organizations to obtain support for their common research objectives
iii. Bundelkhand University, Jhansi and Axis Institute of Higher Education, Kanpur shall work specifically in the areas defined in Para(i) and Para3.1
5.2 The parties acknowledge that all specific financial agreements proposed must be negotiated and will depend upon the availability of funds and organizational approvals. Bundelkhand University, Jhansi and Axis Institute of Higher Education, Kanpur recognize that they will come into possession of information which the other considers to be confidential, including Personal Information(‘Personal Information’ means information and opinions recorded in any form about an individual whose identity is apparent, or can reasonably be ascertained from the information or opinion). Each of Bundelkhand University, Jhansi and Axis Institute of Higher Education, Kanpur covenants and agrees that it shall not, at any time disclose to any third party any confidential information of another party without first having obtained the prior written consent of the other party. The provisions of this clause 5 are intended to and shall be binding upon the parties upon the signing of this MoU and shall survive till the termination or expiry of this MoU.
Joint Contributions. (a) The parties expect operating expenses to conduct the evaluation of peptide antigens and improved serologic assays, regular operating costs, legal costs at the JV/Immusafe and costs to bring the assay through Health Canada and FDA approvals. ProMIS will fund those costs, with prior notification of planned expenditures, and those accrued costs will be repaid from initial profits, if any, to the JV. BCNI has spent significant resources, including approximately USD [***] cash, 5-800 hundreds’ of highly qualified worker manhours and world class expertise (e.
Joint Contributions. <<one>> and <<two>> agree that all items of tangible personal property or real property purchased or acquired as a result of or through the product of joint labor, expense, or contribution (physical or monetary) in any degree of the parties during the term of this Agreement, shall be deemed to be jointly owned properties of the parties ("Joint Property"). Each of <<one>> and <<two>> shall own and possess an undivided interest in all Joint Property in proportion to the percentage of the purchase price, joint labor, or other services contributed by that party toward the purchase or acquisition of each item of Joint Property. The following are Joint Property: _____________________.