Maintenance of IP Rights. If a Party is not interested in maintaining an Intellectual Property Right that it possesses, it shall give the other Party sufficient time to analyze and consider whether it wishes to have the Intellectual Property Right assigned or otherwise transferred to it so that it may maintain the Intellectual Property Right. In the event that the other Party decides to maintain such an Intellectual Property Right, the Party in possession of such Intellectual Property Right shall transfer it to the other Party.
Appears in 4 contracts
Samples: Alliance Agreement (Myriant Corp), Global Alliance Agreement (Myriant Corp), Global Alliance Agreement (Myriant Corp)
