Common use of Ownership and Disclosure Obligations Clause in Contracts

Ownership and Disclosure Obligations. (i) Subject to the rights and licenses expressly granted under this Agreement, each Party shall retain all rights, title, and interests in, to and under any and all Intellectual Property Rights that are owned by such Party prior to the Effective Date or independent of this Agreement. (ii) Inventions that directly relate to Licensed Compound or Licensed Product in the Field, whether patentable or not, that are made in the course of performing activities under this Agreement, (a): by either Party, (b). jointly by both Parties, by GRDG, (d) by a Prophase sublicensee, or &jointly by any combination of the preceding (a) - (d) shall be the joint property of Prophase and Global BioLife (“Joint Inventions”). The Parties agree to keep each other informed of such Joint Inventions. (iii) Prophase and Global BioLife each agree to obtain the cooperation of their respective employees or obligated Third Parties that are inventors in the preparation, filing, and prosecution of patent applications directed to any Inventions that may arise hereunder.

Ownership and Disclosure Obligations. (i) Subject to the rights and licenses expressly granted under this Agreement, each Party shall retain all rights, title, and interests in, to and under any and all Intellectual Property Rights that are owned by such Party prior to the Effective Date or independent of this Agreement. (ii) Inventions that directly relate to Licensed Compound or Licensed Product in the Field, whether patentable or not, that are made in the course of performing activities under this Agreement, (a): ) by either Party, (b). ) jointly by both Parties, (c) by GRDG, (d) by a Prophase sublicensee, or &(e) jointly by any combination of the preceding preceeding (a) - – (d) shall be the joint property of Prophase and Global BioLife (“Joint Inventions”). The Parties agree to keep each other informed of such Joint Inventions. (iii) Prophase and Global BioLife each agree to obtain the cooperation of their respective employees or obligated Third Parties that are inventors in the preparation, filing, and prosecution of patent applications directed to any Inventions that may arise hereunder.