Common use of JOINT DEVELOPMENT INVENTIONS IN HP CORE AREAS Clause in Contracts

JOINT DEVELOPMENT INVENTIONS IN HP CORE AREAS. If the subject matter of a Joint Development Invention is exclusively in HP Core Areas: (1) HP shall have the first right to determine whether to seek patents on such invention; (2) if HP decides to file one or more patent applications on such invention, upon request by HP, Bruker will assign its rights to any patent application and any patent issuing from such patent application covering such invention, and HP may file and prosecute such patent applications solely in its name; and (3) Bruker shall retain, and HP shall grant to Bruker under the patents issuing from such patent applications, a royalty-free, nonexclusive, perpetual license to make, have made, import, offer to sell, sell, and use products that incorporate the invention, with the right to grant sublicenses to its Affiliates, but without the right to grant sublicenses to non-Affiliates. If HP decides not to file a patent application on a Joint Development Invention in HP Core Areas, or if HP does not timely request Bruker to assign Bruker's rights to file a patent application on such Joint Development Invention, the Joint Development Invention will be treated as a Joint Development Invention in neither core areas under the provisions of Section 14.7.3.

Appears in 4 contracts

Samples: Itms Collaboration Agreement (Bruker Daltonics Inc), Itms Collaboration Agreement (Bruker Daltonics Inc), Itms Collaboration Agreement (Bruker Daltonics Inc)

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