Common use of Release of Rights Clause in Contracts

Release of Rights. (1) In the event a sponsored research contractor has been offered the option to apply for the patent in an invention or other rights in an invention, the University will use its good offices in an effort to obtain the contractor’s decision regarding the exercise of such rights within one hundred twenty (120) days. (2) At any stage of making the patent applications, or in the commercial application of an invention, if it has not otherwise assigned to a third party the right to pursue its interests, the President or representative may elect to withdraw from further involvement in the protection or commercial application of the invention. At the request of the faculty member in such case, the University will transfer the invention rights to the faculty member, in which case the invention will be the faculty member’s property and none of the costs incurred by the University or on its behalf will be assessed against the faculty member. (3) All assignments or releases of inventions, including patent rights, by the President or representative to the faculty member will contain the provision that such invention, if patented by the faculty member, will be available royalty-free for governmental purposes of the State of Florida, unless otherwise agreed in writing by the University.

Release of Rights. (1) In the event a sponsored research contractor has been offered the option to apply for the patent in to an invention or other rights in an invention, the University will use its good offices in an effort to obtain the contractor’s 's decision regarding the exercise of such rights within one hundred twenty (120) 120 days. (2) At any stage of making the patent applications, or in the commercial application of an invention, if it has not otherwise assigned to a third party the right to pursue its interests, the President or representative may elect to withdraw from further involvement in the protection or commercial application of the invention. At the request of the faculty member member, in such case, the University will shall transfer the invention rights to the faculty member, in which case the invention will shall be the faculty member’s property and none of the costs incurred by the University or on its behalf will shall be assessed against the faculty member. (3) All assignments or releases of inventions, including patent rights, by the President or representative to the faculty member will shall contain the provision that such invention, if patented by the faculty member, will shall be available royalty-royalty- free for governmental purposes of the State of Florida, unless otherwise agreed in writing by the University.

Release of Rights. (1) In the event a sponsored research contractor has been offered the option to apply for the patent in to an invention or other rights in an invention, the University will shall use its good offices in an effort to obtain the contractor’s 's decision regarding the exercise of such rights within one hundred twenty (120) 120 days. (2) At any stage of making the patent applications, or in the commercial application of an invention, if it has not otherwise assigned to a third party the right to pursue its interests, the President or representative may elect to withdraw from further involvement in the protection or commercial application of the invention. At the request of the faculty member in such case, the University will shall transfer the invention rights to the faculty member, in which case the invention will shall be the faculty member’s 's property and none of the costs incurred by the University or on its behalf will shall be assessed against the faculty member. (3) All assignments or releases of inventions, including patent rights, by the President or representative to the faculty member will shall contain the provision that such invention, if patented by the faculty member, will shall be available royalty-free for governmental purposes of the State of Florida, unless otherwise agreed in writing by the University.

Release of Rights. (1) In the event a sponsored research contractor has been offered the option to apply for the patent in to an invention or other rights in an invention, the University will use its good offices in an effort to obtain the contractor’s 's decision regarding the exercise of such rights within one hundred twenty (120) days. (2) At any stage of making the patent applications, or in the commercial application of an invention, if it has not otherwise assigned to a third party the right to pursue its interests, the President or representative may elect to withdraw from further involvement in the protection or commercial application of the invention. At the request of the faculty member member, in such case, the University will shall transfer the invention rights to the faculty member, in which case the invention will shall be the faculty member’s property and none of the costs incurred by the University or on its behalf will shall be assessed against the faculty member. (3) All assignments or releases of inventions, including patent rights, by the President or representative to the faculty member will shall contain the provision that such invention, if patented by the faculty member, will shall be available royalty-free for governmental purposes of the State of Florida, unless otherwise agreed in writing by the University.

Release of Rights. (1) In the event a sponsored research contractor has been offered the option to apply for the patent in to an invention or other rights in an invention, the University will use its good offices in an effort to obtain the contractor’s 's decision regarding the exercise of such rights within one hundred twenty (120) 120 days. (2) At any stage of making the patent applications, or in the commercial application of an invention, if it has not otherwise assigned to a third party the right to pursue its interests, the President or representative may elect to withdraw from further involvement in the protection or commercial application of the invention. At the request of the faculty member in such case, the University will shall transfer the invention rights to the faculty member, in which case the invention will shall be the faculty member’s 's property and none of the costs incurred by the University or on its behalf will shall be assessed against the faculty member. (3) All assignments or releases of inventions, including patent rights, by the President or representative to the faculty member will shall contain the provision that such invention, if patented by the faculty member, will shall be available royalty-free for governmental purposes of the State of Florida, unless otherwise agreed in writing by the University.

Release of Rights. (1) In the event a sponsored research contractor has been offered the option to apply for the patent in to an invention or other rights in an invention, the University will use its good offices in an effort to obtain the contractor’s 's decision regarding the exercise of such rights within one hundred twenty (120) 120 days. (2) At any stage of making the patent applications, or in the commercial application of an invention, if it has not otherwise assigned to a third party the right to pursue its interests, the President or representative may elect to withdraw from further involvement in the protection or commercial application of the invention. At the request of the faculty member member, in such case, the University will shall transfer the invention rights to the faculty member, in which case the invention will shall be the faculty member’s property and none of the costs incurred by the University or on its behalf will shall be assessed against the faculty member. (3) All assignments or releases of inventions, including patent rights, by the President or representative to the faculty member will shall contain the provision that such invention, if patented by the faculty member, will shall be available royalty-free for governmental purposes of the State of Florida, unless otherwise agreed in writing by the University.