Common use of Joint Patent Committee Clause in Contracts

Joint Patent Committee. (a) The Parties will establish a joint patent committee that will serve as the primary contact and forum for discussion between the Parties with respect to intellectual property matters arising under this Agreement (the “Joint Patent Committee” or “JPC”), and will cooperate with respect to the activities set forth in this ARTICLE 8 and strategy will be discussed with regard to prosecution, maintenance, defense and enforcement of the Licensed Patents that are licensed ARTICLE 4 in connection with a Product, defense against allegations of infringement of Third Party Patents, and licenses to Third Party Patents or Know-How. The JPC will also be responsible for identifying new inventions related to Products that are jointly conceived by the Parties (“Joint Patent Rights”), determining the inventorship thereof in accordance with United States patent law and setting a filing strategy for such inventions.

Appears in 2 contracts

Samples: License and Supply Agreement (Intrinsic Medicine, Inc.), License Agreement (Intrinsic Medicine, Inc.)

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Joint Patent Committee. (a) The Parties will establish a joint patent committee that will serve as the primary contact and forum for discussion between the Parties with respect to intellectual property matters arising under this Agreement (the “Joint Patent Committee” or “JPC”), and will cooperate with respect to the activities set forth in this ARTICLE 8 and strategy will be discussed with regard to prosecution, maintenance, defense and enforcement of Patents arising out of the Licensed Patents that are licensed ARTICLE 4 Collaboration Inventions in connection with a Product, defense against allegations of infringement of Third Party Patents, and licenses to Third Party Patents or Know-How. The JPC will also be responsible for identifying new inventions related to Products that arising out of the Collaboration Inventions are jointly conceived by the Parties (“Joint Patent Rights”)Parties, their Affiliates or Third Party Advisors, determining the inventorship thereof in accordance with United States patent law and setting a filing strategy for such inventions.

Appears in 2 contracts

Samples: Research and Development Collaboration Agreement (Intrinsic Medicine, Inc.), Research and Development Collaboration Agreement (Intrinsic Medicine, Inc.)

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