Patent Agreement Clause Samples
A Patent Agreement clause defines the terms under which patents are handled between the parties to a contract. It typically outlines the ownership, licensing rights, and responsibilities regarding any inventions or patented technology developed or used during the course of the agreement. For example, it may specify whether new inventions are jointly owned or if one party retains exclusive rights, and how royalties or licensing fees are managed. The core function of this clause is to clearly allocate rights and obligations related to patents, thereby preventing future disputes and ensuring both parties understand their entitlements and restrictions regarding intellectual property.
Patent Agreement. This Patent Collateral Assignment and Security Agreement, as amended and in effect from time to time.
Patent Agreement. 10.6.3.1 Where one or more employees have been hired (full or part-time) in an appointment to create and produce a specific, tangible product for OC, or where an invention, improvement, design or development was made by an employee(s) with the use of the OC funds, personnel or equipment, the employee(s) shall sign an Agreement with OC before an application for patent is filed.
10.6.3.2 Such Agreement shall provide that OC shall assign all its right, title and interest in the invention, improvement, design or development to the employee(s), subject to OC and the employee(s) sharing equally in the “net proceeds” derived therefrom. The term “net proceeds” as used in this Article shall mean the net profits derived from licensing or commercialization of the patented product, equipment or process after deduction of all expenses incurred in patent searches, for obtaining patent protection and for maintaining said protection in Canada and in other countries.
Patent Agreement. MEI shall have duly delivered an authorized and executed counterpart of a patent and invention disclosure assignment and license agreement substantially in the form attached hereto as Exhibit D (the "Patent Agreement").
Patent Agreement. The Company shall have duly delivered an authorized and executed counterpart of the Patent Agreement.
Patent Agreement. The Patent Collateral Assignment and Security Agreement, dated as of the Closing Date, made by the Borrower and the Guarantors in favor of the Administrative Agent, in form and substance satisfactory to the Administrative Agent.
Patent Agreement. The Patent Collateral Assignment and Security Agreement, made in favor of the Administrative Agent, on behalf of itself and the other Lenders, by each applicable Credit Party.
Patent Agreement. I affirm that I have received and have read the Boston University Patent Policy ▇▇▇▇▇▇▇ River Campus.
Patent Agreement. This Patent Collateral Security and Pledge Agreement, as amended and in effect from time to time.
Patent Agreement. A Patent Security Agreement duly executed and delivered by each of Loewenstein, Pompeii and Winston.
Patent Agreement. The Company and Purchaser shall have entered into the respective Patent Agreement indicated on Exhibit A.