Common use of Research Results Clause in Contracts

Research Results. 22.1 Each party may disclose, announce or publicly release the Research Result obtained through the Cooperative Research (or if the period for such a research continues for more than one year, the Research Result obtained in the relevant fiscal year) (the “Public Release of Research Result”) two months after the date immediately following the completion of the Cooperative Research (or if the period for such a research continues for more than one year, two months after the date immediately following the end of each fiscal year), complying with the duty of confidentiality pursuant to Article 21; provided, however, that in the light of social mission of universities the University may conduct publicly release the Public Release of Research Result earlier with the Company’s prior consent, which the Company may not unreasonably withhold. In any case, however, either party may not disclose, announce or publicly release any Know-How without the other party’s prior consent. 22.2 In the case of Article 22.1, a party who desires the Public Release of Research Result (the “Releasing Party”) shall notify the other party in writing of the contents of such release no later than sixty (60) days prior to the scheduled day of the Public Release of Research Result. Also, the Releasing Party may indicate with the other party’s prior written consent that the content was obtained as a result of the Cooperative Research. 22.3 If the other party who received such a notice pursuant to Article 22.2 considers that the content of the notification under Article 22.2 is likely to harm any of its interests expected to be realized in the future, the party shall notify the Releasing Party, within thirty (30) days after the receipt of such notification, in writing of the modifications of the technical information which will be disclosed, announced or publicly released, and the Releasing Party shall fully discuss with the other party. The Releasing Party shall not, without the consent of the other party, release any part that the other party has considered is likely to harm any of its interests expected to be realized in the future by releasing any Research Result; provided, however, that the other party shall not unreasonably withhold such consent. 22.4 The Releasing Party shall notify pursuant to Article 22.2 only for five (5) years after the date immediately following the completion of the Cooperative Research; provided, however, that both parties may discuss and extend or shorten such a period.

Research Results. 22.1 Each party may disclose, announce or publicly release the Research Result obtained through the Cooperative Entrusted Research (or if the period for such a research continues for more than one year, the Research Result obtained in the relevant fiscal year) (the “Public Release of Research Result”) two months after the date immediately following the completion of the Cooperative Entrusted Research (or if the period for such a research continues for more than one year, two months after the date immediately following the end of each fiscal year), complying with the duty of confidentiality pursuant to Article 21; provided, however, that in the light of social mission of universities the University may conduct publicly release the Public Release of Research Result earlier with the Company’s prior consent, which the Company may not unreasonably withhold. In any case, however, either party may not disclose, announce or publicly release any Know-How without the other party’s prior consent. 22.2 In the case of Article 22.1, a party who desires the Public Release of Research Result (the “Releasing Party”) shall notify the other party in writing of the contents of such release no later than sixty (60) days prior to the scheduled day of the Public Release of Research Result. Also, the Releasing Party may indicate with the other party’s prior written consent that the content was obtained as a result of the Cooperative Entrusted Research. 22.3 If the other party who received such a notice pursuant to Article 22.2 considers that the content of the notification under Article 22.2 is likely to harm any of its interests expected to be realized in the future, the party shall notify the Releasing Party, within thirty (30) days after the receipt of such notification, in writing of the modifications of the technical information which will be disclosed, announced or publicly released, and the Releasing Party shall fully discuss with the other party. The Releasing Party shall not, without the consent of the other party, release any part that the other party has considered is likely to harm any of its interests expected to be realized in the future by releasing any Research Result; provided, however, that the other party shall not unreasonably withhold such consent. 22.4 The Releasing Party shall notify pursuant to Article 22.2 only for five (5) years after the date immediately following the completion of the Cooperative Entrusted Research; provided, however, that both parties may discuss and extend or shorten such a period.