Common use of Licensing of Sole Inventions Clause in Contracts

Licensing of Sole Inventions. Each of the Company and the Institutions separately reserve the right to license its interest in any Sole Invention, subject to the other party’s right to use the Sole Invention for its own internal research purposes, and the Institutions or the Company, as the case may be, shall have no right to compensation in connection with any such license granted by the other party to any third party.

Appears in 3 contracts

Samples: Research Collaboration Agreement, Research Collaboration Agreement, Research Collaboration Agreement

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Licensing of Sole Inventions. Each of the Company XXXXXXXXXX and the Institutions UNIVERSITY separately reserve the right to license its interest in any Sole Invention, subject to the other party’s right to use the Sole Invention for its own internal research purposes, and the Institutions UNIVERSITY or the CompanyXXXXXX, as the case may be, shall have no right to compensation in connection with any such license granted by the other party to any third party.

Appears in 1 contract

Samples: Collaborative Research Agreement

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