PATENT IMPROVEMENTS; FUTURE DEVELOPMENTS Clause Samples

PATENT IMPROVEMENTS; FUTURE DEVELOPMENTS. In the event an improvement patent is licensed or granted to the LICENSOR bearing the same expiration date as a patent listed in Exhibit A, the LICENSEE shall benefit from the Exclusive License rights under said improvement under the terms defined herein. If a new patent is co-authored with the LICENSEE by any officer or employee of the LICENSOR, then the LICENSOR and the LICENSEE shall, jointly, have the right to license said patent outside of the Territory and shall share in the economic benefits thereof. The LICENSOR shall be the managing partner in all matters involving said co-authored Patent.