Common use of Joint Technology Clause in Contracts

Joint Technology. The Parties acknowledge and agree that the Parties will each own an equal, undivided interest in Joint Technology. Each Party will have the right to Exploit the Joint Technology without a duty of seeking consent of or accounting to the other Party; provided, that neither Party will have the right to disclose (except as provided in Section 7) or license (except as may be permitted under Section 3) any Joint Technology without the prior written consent of the other Party.

Appears in 4 contracts

Samples: Collaboration and Commercial License Agreement (Mersana Therapeutics, Inc.), Collaboration and Commercial License Agreement, Collaboration and Commercial License Agreement (Mersana Therapeutics, Inc.)

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Joint Technology. The Parties acknowledge and agree that As between the Parties, the Parties will shall each own an equal, undivided interest in any and all Joint Technology. Each Subject to the licenses and rights of reference granted in Article 2, each Party will shall have the right to Exploit the Joint Technology without a duty of seeking consent of or accounting to the other PartyParty (other than any amounts due hereunder with respect to the Exploitation of Licensed Products); provided, that neither Party will shall have the right to disclose (except as provided in Section 710.2) or license (except as may be permitted under Section 3Article 2) any Joint Technology Know-How without the prior written consent of the other Party.

Appears in 2 contracts

Samples: Development Collaboration and Commercial License Agreement (Mersana Therapeutics, Inc.), Development Collaboration and Commercial License Agreement (Mersana Therapeutics, Inc.)

Joint Technology. The Parties acknowledge and agree that the Parties will each own an equal, undivided interest in Joint Technology. Each Party will have the right to Exploit the Joint Technology without a duty of seeking consent of or accounting to the other Party; provided, that except as provided in Section 8.3(e) below, neither Party will have the right to disclose (except as provided in Section 7Article 9) or license (except as may be permitted under Section 3Article 4) any Joint Technology without the prior written consent of the other Party.

Appears in 2 contracts

Samples: License Agreement, License Agreement (Sutro Biopharma Inc)

Joint Technology. The Parties acknowledge and agree that the Parties will each own an equal, undivided interest in Joint TechnologyEach Party [***]. Each Party will have exercise its ownership rights in and to such Joint Technology, including the right to Exploit the Joint Technology license and sublicense or otherwise to exploit, transfer, or encumber its ownership interest, without a duty of seeking an accounting or obligation to, or consent of or accounting to required from, the other Party; provided, that neither but subject to the licenses hereunder and the other terms and conditions of this Agreement. At the reasonable written request of a Party, the other Party will have in writing grant such consents and confirm that no such accounting is required to effect the right to disclose (except as provided in Section 7) or license (except as may be permitted under Section 3) any foregoing regarding Joint Technology without the prior written consent of the other PartyTechnology.

Appears in 1 contract

Samples: Distribution Agreement (Alpha Healthcare Acquisition Corp.)

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Joint Technology. The Parties acknowledge shall jointly own all right, title and interest in all Joint Technology and hereby agree that each Party may only use such Joint Technology to the Parties will each own an equalextent permitted by this Agreement. For the avoidance of doubt, undivided interest in Joint Technology. Each neither Party will shall have the right to Exploit practice the Joint Technology without a duty outside of seeking consent of or accounting to the other Party; providedField, that neither Party will have the right to disclose (except as provided in Section 7) or license (except as may be permitted under Section 3) any Joint Technology without the prior advance, written consent of the other Party. Each Party shall execute such documents, including assignments, as may be required to vest title to all Joint Inventions and Joint Patents in both Parties.

Appears in 1 contract

Samples: Collaboration and License Agreement (VBI Vaccines Inc/Bc)

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