Common use of Joint Technology Clause in Contracts

Joint Technology. The parties hereby agree that in the event that the disclosed Technology is Joint Technology and Sponsor neither exercises its Option to such Joint Technology nor has a license to such Joint Technology under the Exclusive License Agreement (i.e., if the Exclusive License Agreement has terminated), both Parties shall (i) have no further obligations to each other with respect to such Joint Technology and any resulting Patent Rights; and (ii) be free to independently license or otherwise dispose of their rights to such Joint Technology and any resulting Patent Rights on a worldwide basis without accounting to the other Party.

Joint Technology. The parties hereby agree that in the event that the disclosed Technology is Joint Technology and that Sponsor neither exercises does not exercise its Option to such Joint include the Technology nor has a license to such Joint Technology under in the Exclusive License Agreement (i.e., if the Exclusive License Agreement has terminated)subject to Section 3.4, both Parties shall (i) have no further obligations to each other with respect to such Joint Technology and any resulting Patent Rights; and (ii) be free to independently license or otherwise dispose of their rights to such Joint Technology and any resulting Patent Rights on a worldwide basis without accounting to the other Party.

Joint Technology. The parties hereby agree that in the event that the disclosed Technology is Joint Technology and that Sponsor neither exercises does not exercise or reserve its Option to such Joint Technology nor has a license to such Joint Technology under the Exclusive License Agreement (i.e., if the Exclusive License Agreement has terminated)option, both Parties shall (i) have no further obligations to each other with respect to such Joint Technology and any resulting Patent Rightspatent rights; and (ii) be free to independently use and license or otherwise dispose of their rights to such Joint Technology and Technology, including any resulting Patent Rights patents on a worldwide basis basis, and shall be free to retain all income and proceeds therefrom without accounting to the other Partyparty.

Joint Technology. The parties hereby agree that in the event that the disclosed Technology is Joint Technology and that Sponsor neither exercises either does not exercise its Option to such Joint Technology nor has or does not sign a license to such Joint Technology under the Exclusive License Agreement (i.e., if the Exclusive License Agreement has terminated)agreement with TSRI, both Parties parties shall (i) have no further obligations to each other with respect to such Joint Technology and any resulting Patent Rights; and (ii) be free to independently license or otherwise dispose of their rights to such Joint Technology and any resulting Patent Rights on a worldwide basis without accounting to the other Party.