Common use of Ownership of Patent Rights and Project Materials Clause in Contracts

Ownership of Patent Rights and Project Materials. In accordance with United States patent law, University shall have sole ownership of all University Patent Rights and University and Sponsor shall have joint, undivided ownership of all Joint Patent Rights. University shall have sole ownership of commercial rights in all Project Materials not claimed in the Patent Rights; however, if a Project Material incorporates one or more Sponsor Proprietary Materials, University may not exploit commercial rights in that Project Material without the written consent of Sponsor.

Appears in 1 contract

Samples: Sponsored Research Agreement (A.C.T. Holdings, Inc.)

AutoNDA by SimpleDocs

Ownership of Patent Rights and Project Materials. In accordance with United States patent law, University shall have sole ownership of all University Patent Rights Rights, and University and Sponsor shall have joint, undivided ownership of all Joint Patent Rights. University shall have sole ownership of commercial rights in all Project Materials not claimed in the Patent Rights; however, if a Project Material incorporates one or more Sponsor Proprietary Materials, University may not exploit commercial rights in that Project Material without the written consent of Sponsor.

Appears in 1 contract

Samples: Collaboration and License Agreement (Genome Therapeutics Corp)

Ownership of Patent Rights and Project Materials. In accordance with United States patent law, University shall have sole ownership of all University Patent Rights and University and Sponsor POLYMEDIX shall have joint, undivided ownership of all Joint Patent Rights. University shall have sole ownership of commercial rights in all Project Materials not claimed in the Patent Rights; however, if a Project Material incorporates one or more Sponsor POLYMEDIX Proprietary Materials, University may not exploit commercial rights in that Project Material without the written consent of SponsorPOLYMEDIX.

Appears in 1 contract

Samples: Cumirp Part Ii Agreement (Polymedix Inc)

AutoNDA by SimpleDocs

Ownership of Patent Rights and Project Materials. In accordance ------------------------------------------------ with United States patent law, University Institution shall have sole ownership of all University Institution Patent Rights and University Institution and Sponsor shall have joint, undivided ownership of all Joint Patent Rights. University Institution shall have sole ownership of commercial rights in all Project Materials not claimed in the Patent Rights; however, if a Project Material incorporates one or more Sponsor Proprietary Materials, University may not exploit commercial rights in that Project Material without the written consent of Sponsor.

Appears in 1 contract

Samples: Sponsored Research Agreement (Compumed Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!