Common use of Jointly Owned Inventions Clause in Contracts

Jointly Owned Inventions. Subject to Section 4.5(e), the parties shall decide which party shall be responsible for preparing, filing and prosecuting any patent applications or other appropriate filings with respect to any Invention that is owned jointly by the parties (a "Joint Invention") and maintaining any patents, copyrights or other similar rights issued thereon, using patent counsel reasonably acceptable to the other party. The parties shall share the out-of-pocket expenses for such preparation, filing and prosecution.

Appears in 2 contracts

Samples: Target and Drug Lead Discovery Collaboration Agreement (Gene Logic Inc), Target and Drug Lead Discovery Collaboration Agreement (Gene Logic Inc)

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Jointly Owned Inventions. Subject to Section 4.5(e4.4(e), the parties shall decide which party shall be responsible for preparing, filing and prosecuting any patent applications or other appropriate filings with respect to any Invention that is owned jointly by the parties (a "Joint Invention") and maintaining any patents, copyrights or other similar rights patents issued thereon, using patent counsel reasonably acceptable to the other party; provided that P&GP will be responsible for preparing, filing and prosecuting patent applications with respect to Joint Inventions of Gene Targets and maintaining any patents issued thereon. The parties shall share the out-of-pocket expenses for such preparation, filing and prosecution.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Gene Logic Inc), Collaboration and License Agreement (Gene Logic Inc)

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