Common use of Right to Practice Jointly Owned Technology Clause in Contracts

Right to Practice Jointly Owned Technology. Except to the extent either Party is restricted by the express terms of this Agreement, with respect to any Development Program Inventions, Development Program Patents, Other Inventions and Other Patents that are owned jointly by the Parties pursuant to Section 7.2.1 or 7.2.2, each Party shall have the right to practice and exploit such Development Program Inventions, Development Program Patents, Other Inventions and Other Patents, with full rights to sublicense in the Territory, and without the duty of accounting to or any duty to seek consent from the other Party, and upon the reasonable request of either Party, the other Party shall execute documents that evidence or confirm the requesting Party’s right to engage in such activities.

Appears in 2 contracts

Samples: License and Option Agreement (Tracon Pharmaceuticals, Inc.), License and Option Agreement (Tracon Pharmaceuticals, Inc.)

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Right to Practice Jointly Owned Technology. Except to the extent either Party is restricted by the express terms of this Agreement, with respect to any Development Program Inventions, Development Program Patents, Other Collaboration Inventions and Other Patents Collaboration Patent Rights that are owned jointly by the Parties pursuant to Section 7.2.1 or 7.2.28.2.1, each Party shall have the right to practice and exploit such Development Program Inventions, Development Program Patents, Other Collaboration Inventions and Other Collaboration Patents, with full rights to sublicense license its interest therein in the Territory, and without the duty of accounting to or any duty to seek consent from the other Party, and upon the reasonable request of either Party, the other Party shall execute documents that evidence or confirm the requesting Party’s right to engage in such activities.

Appears in 2 contracts

Samples: License and Collaboration Agreement, License and Collaboration Agreement (Protagonist Therapeutics, Inc)

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Right to Practice Jointly Owned Technology. Except to the extent either Party is restricted by the express terms of this Agreement, with respect to any Development Program Inventions, Development Program Patents, Other Collaboration Inventions and Other Patents Collaboration Patent Rights that are owned jointly by the Parties pursuant to Section 7.2.1 or 7.2.28.2.1, each Party shall have the right to practice and exploit such Development Program Inventions, Development Program Patents, Other Collaboration Inventions and Other PatentsCollaboration Patent Rights, with full rights to sublicense license its interest therein in the Territory, and without the duty of accounting to or any duty to seek consent from the other Party, and upon the reasonable request of either Party, the other Party shall execute documents that evidence or confirm the requesting Party’s right to engage in such activities.

Appears in 1 contract

Samples: License and Collaboration Agreement (Protagonist Therapeutics, Inc)

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