Common use of Protection of Intellectual Property; Infringement and Enforcement Rights Clause in Contracts

Protection of Intellectual Property; Infringement and Enforcement Rights. (a) Should Coronado or any employee of Coronado make, discover, develop or assist in the development of any Improvements during the Term, Coronado shall forthwith disclose or cause the Improvement to be disclosed to Revogenex and such Improvement shall be deemed to be a part of the “Product Intellectual Property” and shall be subject to the terms of this Agreement. Revogenex shall own all right, title and interest in any Improvement, and any patent arising therefrom will be filed in the name of Revogenex, subject to the license granted to Coronado pursuant to this Agreement. If so requested by Revogenex, Coronado shall (i) reasonably assist in the filing of any patent applications domestic and/or foreign, in Revogenex’s name, which are necessary to protect the Product Intellectual Property and/or Improvements to the Product Intellectual Property, (ii) make available or supply to Revogenex such information or data as is necessary or convenient for the proper understanding or use of such Improvement, and (iii) provide technical assistance and sign all necessary legal papers for Revogenex’s protection of the Product Intellectual Property and/or Improvements including the filing of patent applications at Coronado’s expense.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement (Avenue Therapeutics, Inc.), Assignment and Assumption Agreement (Avenue Therapeutics, Inc.)

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