Common use of PROPERTY RIGHTS IN AND TO THE TECHNOLOGY Clause in Contracts

PROPERTY RIGHTS IN AND TO THE TECHNOLOGY. 2.1 The parties hereto hereby acknowledge and agree that the University owns any and all right, title and interest in and to the Technology, as well as any and all University Improvements. The parties also hereby acknowledge and agree that the Licensee [***] in and to the Licensee Improvements. 2.2 The Licensee shall, at the request of the University, enter into such further agreements and execute any and all documents as may be required to ensure that ownership of the Technology and any University Improvements remains with the University. 2.3 On the last working day of June and December of each and every year during which this Agreement remains in full force and effect, the Licensee shall deliver in writing to the University the details of any and all Improvements which the Licensee and any sublicensees of the Licensee have developed and/or acquired during the previous six month period.

PROPERTY RIGHTS IN AND TO THE TECHNOLOGY. 2.1 The parties hereto hereby acknowledge and agree that the University owns any and all right, title and interest in and to the Technology, as well as any and all University Improvements. The parties also hereby acknowledge and agree that the Licensee [***] in and to the Licensee Improvements. 2.2 The Licensee shall, at the request of the University, enter into such further agreements and execute any and all documents as may be required to ensure that ownership of the Technology and any University Improvements remains with the University. 2.3 On the last working day of June and December of each and every year during which this Agreement remains in full force and effect, the Licensee shall deliver in writing to the University the details of any and all Improvements which the Licensee and any sublicensees of the Licensee have developed and/or acquired during the previous six (6) month period.

PROPERTY RIGHTS IN AND TO THE TECHNOLOGY. 2.1 The parties hereto hereby acknowledge and agree that the University owns any and all right, title and interest in and to the Technology, as well as any and all University Improvements. The parties also hereto hereby acknowledge and agree that the Licensee [***] in University and to the Licensee each own a 50% interest in the Joint Improvements. 2.2 The Licensee shall, at the request of the University, enter into such further agreements and execute any and all documents as may be required to ensure that ownership of the Technology and any University Improvements remains with the University. 2.3 On the last working day of June and December of each and every year during which this Agreement remains in full force and effect, the Licensee shall deliver in writing to the University the details of any and all Joint Improvements which the Licensee and any sublicensees of the Licensee have has developed and/or acquired during the previous six month period.