Common use of Ownership and Disposition Clause in Contracts

Ownership and Disposition. Grantor reserves the right consistent with its Intellectual Property (IP) Policy to require (1) an equity position with the Grantee for any IP that emanates from the Grant Award, or (2) a grant repayment for any IP that emanates from the Grant Award. This right shall be reduced to writing and included as an Exhibit G to this Agreement prior to the execution of the Agreement or it shall be waived by the Grantor. Xxxxxxx agrees to use Commercially Reasonable Efforts to Commercialize such technology or intellectual property.

Ownership and Disposition. Grantor reserves the right consistent with its Intellectual Property (IP) Policy to require (1) an equity position with the Grantee for any IP that emanates from the Grant Award, or (2) a grant repayment for any IP that emanates from the Grant Award. This right shall be reduced to writing and included as an Exhibit G F to this Agreement prior to the execution of the Agreement or it shall be waived by the Grantor. Xxxxxxx Grantee agrees to use Commercially Reasonable Efforts commercially reasonable efforts to Commercialize commercialize such technology or intellectual property.