Common use of Joint Ownership Clause in Contracts

Joint Ownership. 8.2.1 In case of joint ownership of Results developed in the Project jointly by two or more Parties and it is not possible to separate such Results for the purpose of applying for, obtaining and/or maintaining the relevant patent protection or any other intellectual property right, the Parties shall have joint ownership of such Results. 8.2.2 The joint owners shall use their best efforts to establish, within a six (6) month period as from the date of the generation of such Results, a written separate joint ownership agreement regarding the allocation of ownership and terms of exercising, protecting, the division of related costs and exploiting such jointly owned Results on a case by case basis. The joint ownership agreement shall as a minimum include: i) a detailed definition of the relevant Results having joint ownership ii) a description of which of the joint owners shall have the operative responsibility for protecting and managing the jointly owned Results (hereinafter named IP Manager), including a clear description of the IP Manager's Power of Attorney; in case of a disagreement, the owner with the largest ownership stake shall take the lead.

Joint Ownership. 8.2.1 In case of joint ownership of When Results developed in the Project are generated jointly by two or more Parties and it is not possible to separate such jointly developed Results for the purpose of applying for, obtaining and/or maintaining the relevant patent protection or any other intellectual property right, the Parties shall have joint ownership of such Results. 8.2.2 The joint owners shall use their best efforts to establish, within a six (6) month period as from the date of the generation of such Results, a written separate joint ownership agreement regarding the allocation of ownership and terms of exercising, protecting, the division of related costs and exploiting such jointly owned Results on a case by case basis. The joint ownership agreement shall as a minimum include: i) a detailed definition of the relevant Results having joint ownership ii) a description of which of the joint owners shall have the operative responsibility for protecting and managing the jointly owned Project Results (hereinafter named IP Manager), including a clear description of the IP Manager's Power of Attorney; in case of a disagreement, the owner with the largest ownership stake shall take the lead.