Modification to QMT Intellectual Property. DERMA shall not modify, change or vary from the QMT Intellectual Property as it is applied to the Products. If DERMA seeks to change or modify the QMT Intellectual Property used in the Product, it shall notify QMT sixty (60) days prior to making such change whereupon, so long as DERMA is in compliance with this Agreement, the parties shall reasonably cooperate to adjust the formulation of the QMT Intellectual Property as necessary to meet the Product requirements of DERMA. Any such reformulation shall constitute an Improvement and shall be owned exclusively by QMT and shall be licensed to DERMA under the terms of this Agreement.
Appears in 3 contracts
Samples: Patent and Technology License Agreement (Quick Med Technologies Inc), Patent and Technology License Agreement (Quick Med Technologies Inc), Patent and Technology License Agreement (Derma Sciences, Inc.)
Modification to QMT Intellectual Property. DERMA shall not modify, change or vary from the QMT Intellectual Property as it is applied to the Products. If DERMA seeks to change or modify the QMT Intellectual Property used in the any Product, it shall notify QMT sixty (60) days prior to making such change whereupon, so long as DERMA is in compliance with this Agreement, the parties shall reasonably cooperate to adjust the formulation of the QMT Intellectual Property as necessary to meet the Product requirements of DERMA. Any such reformulation shall constitute an Improvement and shall be owned exclusively by QMT and shall be licensed to DERMA under the terms of this Agreement.
Appears in 1 contract
Samples: Patent and Technology License Agreement (Quick-Med Technologies Inc)
Modification to QMT Intellectual Property. DERMA shall not modify, change or vary from the QMT Intellectual Property as it is applied to the Products. If DERMA seeks to change or modify the QMT Intellectual Property used in the any Product, it shall notify QMT sixty (60) days prior to making such change whereupon, so long as DERMA is in compliance with this Agreement, the parties shall reasonably cooperate to adjust the formulation of the QMT Intellectual Property as necessary to meet the Product requirements of DERMA. Any such reformulation shall constitute an Improvement and shall be owned exclusively by QMT and shall be licensed to DERMA under the terms of this Agreement.. *** This material has been omitted pursuant to a request for a confidential treatment and filed separately with the Securities and Exchange Commission. 11
Appears in 1 contract
Samples: Patent and Technology License Agreement (Derma Sciences, Inc.)
