Common use of Rights Arising in the Future Clause in Contracts

Rights Arising in the Future. (a) As between BWXT and PGG, unless otherwise agreed in writing by BWXT or any member of the RemainCo Group and PGG or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of BWXT or any member of the RemainCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed PGG Intellectual Property or, shall belong solely and exclusively to BWXT and neither PGG nor any member of the SpinCo Group shall have any right, title or interest in or to such Intellectual Property. BWXT shall have no obligation to notify PGG or any member of the SpinCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to PGG or any member of the SpinCo Group. (b) As between BWXT and PGG, unless otherwise agreed in writing by BWXT or any member of the RemainCo Group and PGG or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of PGG or any member of the SpinCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed BWXT Intellectual Property, shall belong solely and exclusively to PGG and neither BWXT nor any member of the RemainCo Group shall have any right, title or interest in or to such Intellectual Property. PGG shall have no obligation to notify BWXT or any member of the RemainCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to BWXT or any member of the RemainCo Group.

Appears in 2 contracts

Samples: Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.), Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.)

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Rights Arising in the Future. (a) As between BWXT RemainCo and PGGSpinCo, unless otherwise agreed in writing by BWXT RemainCo or any member of the RemainCo Group and PGG SpinCo or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of BWXT RemainCo or any member of the RemainCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed PGG SpinCo Intellectual Property oror Shared Library Materials or any other Intellectual Property licensed by any member of the RemainCo Group or the SpinCo Group pursuant to any other Intellectual Property Agreement, shall belong solely and exclusively to BWXT RemainCo and neither PGG SpinCo nor any member of the SpinCo Group shall have any right, title or interest in or to such Intellectual Property. BWXT RemainCo shall have no obligation to notify PGG SpinCo or any member of the SpinCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to PGG SpinCo or any member of the SpinCo Group. (b) As between BWXT RemainCo and PGGSpinCo, unless otherwise agreed in writing by BWXT RemainCo or any member of the RemainCo Group and PGG SpinCo or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of PGG SpinCo or any member of the SpinCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed BWXT RemainCo Intellectual PropertyProperty or Shared Library Materials or any other Intellectual Property licensed by any member of the RemainCo Group or the SpinCo Group pursuant to any other Intellectual Property Agreement, shall belong solely and exclusively to PGG SpinCo and neither BWXT RemainCo nor any member of the RemainCo Group shall have any right, title or interest in or to such Intellectual Property. PGG SpinCo shall have no obligation to notify BWXT RemainCo or any member of the RemainCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to BWXT RemainCo or any member of the RemainCo Group.

Appears in 2 contracts

Samples: Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.), Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.)

Rights Arising in the Future. (a) As between BWXT mPower and PGG, unless otherwise agreed in writing by BWXT or any member of the RemainCo Group and PGG or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of BWXT or any member of the RemainCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed PGG Intellectual Property or, shall belong solely and exclusively to BWXT and neither PGG nor any member of the SpinCo Group shall have any right, title or interest in or to such Intellectual Property. BWXT shall have no obligation to notify PGG or any member of the SpinCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to PGG or any member of the SpinCo Group. (b) As between BWXT and PGG, unless otherwise agreed in writing by BWXT mPower or any member of the RemainCo Group and PGG or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of PGG or any member of the SpinCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed BWXT mPower Intellectual Property, shall belong solely and exclusively to PGG and neither BWXT mPower nor any member of the RemainCo Group shall have any right, title or interest in or to such Intellectual Property. PGG shall have no obligation to notify BWXT mPower or any member of the RemainCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to BWXT mPower or any member of the RemainCo Group. (b) As between mPower and PGG, unless otherwise agreed in writing by mPower or any member of the RemainCo Group and PGG or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of mPower or any member of the RemainCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed mPower Intellectual Property, shall belong solely and exclusively to mPower and neither PGG nor any member of the SpinCo Group shall have any right, title or interest in or to such Intellectual Property. mPower shall have no obligation to notify PGG or any member of the SpinCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to PGG or any member of the SpinCo Group.

Appears in 2 contracts

Samples: Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.), Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.)

Rights Arising in the Future. (a) As between BWXT BWTI and PGGBWICO, unless otherwise agreed in writing by BWXT BWTI or any remember of the SpinCo Group and BWICO or any member of the RemainCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of BWTI or any member of the SpinCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed BWTI Intellectual Property, shall belong solely and exclusively to BWTI and neither BWICO nor any member of the RemainCo Group shall have any right, title or interest in or to such Intellectual Property. BWTI shall have no obligation to notify BWICO or any member of the RemainCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to BWICO or any member of the RemainCo Group. (b) As between BWICO and BWTI, unless otherwise agreed in writing by BWICO or any member of the RemainCo Group and PGG BWTI or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of BWXT BWICO or any member of the RemainCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed PGG BWTI Intellectual Property orProperty, shall belong solely and exclusively to BWXT BWICO and neither PGG BWTI nor any member of the SpinCo Group shall have any right, title or interest in or to such Intellectual Property. BWXT BWICO shall have no obligation to notify PGG BWTI or any member of the SpinCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to PGG BWTI or any member of the SpinCo Group. (b) As between BWXT and PGG, unless otherwise agreed in writing by BWXT or any member of the RemainCo Group and PGG or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of PGG or any member of the SpinCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed BWXT Intellectual Property, shall belong solely and exclusively to PGG and neither BWXT nor any member of the RemainCo Group shall have any right, title or interest in or to such Intellectual Property. PGG shall have no obligation to notify BWXT or any member of the RemainCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to BWXT or any member of the RemainCo Group.

Appears in 1 contract

Samples: Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.)

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Rights Arising in the Future. (a) As between BWXT BWTI and PGGBWICO, unless otherwise agreed in writing by BWXT BWTI or any member remember of the RemainCo SpinCo Group and PGG BWICO or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of BWXT BWTI or any member of the RemainCo SpinCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed PGG BWTI Intellectual Property orProperty, shall belong solely and exclusively to BWXT BWTI and neither PGG BWICO nor any member of the SpinCo RemainCo Group shall have any right, title or interest in or to such Intellectual Property. BWXT BWTI shall have no obligation to notify PGG BWICO or any member of the SpinCo RemainCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to PGG BWICO or any member of the SpinCo RemainCo Group. (b) As between BWXT BWICO and PGGBWTI, unless otherwise agreed in writing by BWXT BWICO or any member of the RemainCo Group and PGG BWTI or any member of the SpinCo Group, any and all Intellectual Property created, conceived, or actually reduced to practice by or on behalf of PGG BWICO or any member of the SpinCo RemainCo Group after the Distribution Date, including, without limitation, any improvements or modifications to any Licensed BWXT BWTI Intellectual Property, shall belong solely and exclusively to PGG BWICO and neither BWXT BWTI nor any member of the RemainCo SpinCo Group shall have any right, title or interest in or to such Intellectual Property. PGG BWICO shall have no obligation to notify BWXT BWTI or any member of the RemainCo SpinCo Group of any such improvements or modifications or to disclose or license any such improvements or modifications to BWXT BWTI or any member of the RemainCo SpinCo Group.

Appears in 1 contract

Samples: Intellectual Property Agreement (Babcock & Wilcox Enterprises, Inc.)

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