Ownership Rights of the Research Institution. The Research Institution shall own all intellectual property (including Patentable Inventions and Other Intellectual Property) conceived, discovered or invented in the course of the conduct of the Research Project. The Research Institution hereby agrees that it will not sell or otherwise transfer title to any Patentable HD Inventions or Other HD Intellectual Property to any third party unless such third party takes title to such Patentable HD Inventions or Other HD Intellectual Property (i) subject to the rights of the Foundation in such Patentable HD Inventions or Other HD Intellectual Property under this Agreement and (ii) assumes the obligations of the Research Institution with respect to such Patentable HD Inventions or Other HD Intellectual Property under this Agreement.
