Shared ownership with agreement on the exploitation of rights exclusively to agree the royalties in the future] Both Parties undertake to sign a joint ownership and rights exploitation agreement, renouncing the individual exploitation right provided for in article 80.2 of Spanish Law 24/2015, of July 24, on Patents. By virtue of this agreement of joint ownership and exploitation of rights, the INTA shall attribute to the Company exclusively the rights of use and exploitation of the shared results that correspond to it, legally protected or not, that have their origin in the research project object of this Agreement. In the aforementioned legal document, the Parties will stipulate the percentages of ownership of the patent, the appropriate economic considerations to be paid by the Company to the INTA, as well as any other aspects related to the exploitation framework of the results, which they consider of interest. In any case, both Parties undertake to sign the aforementioned agreement of ownership and exploitation of rights before applying for the aforementioned title of shared Industrial or Intellectual Property. In the event that this is stated by the Company, said agreement will be defined directly by the competent services of the INTA and of the Company.
Shared ownership with agreement on the exploitation of rights exclusively to agree the royalties in the future. Both Parties undertake to sign a joint ownership and rights exploitation agreement, renouncing the individual exploitation right provided for in article 80.2 of Spanish Law 24/2015, of July 24, on Patents. By virtue of this agreement of joint ownership and exploitation of rights, the Public Body shall attribute to the Company exclusively the rights of use and exploitation of the shared results that correspond to it, legally protected or not, that have their origin in the research project object of this Agreement. In the aforementioned legal document, the Parties will stipulate the percentages of ownership of the patent, the appropriate economic considerations to be paid by the Company to the Public Body, as well as any other aspects related to the exploitation framework of the results, which they consider of interest. In any case, both Parties undertake to sign the aforementioned agreement of ownership and exploitation of rights before applying for the aforementioned title of shared Industrial or Intellectual Property. In the event that this is stated by the Company, said agreement will be defined directly by the competent services of the Public Body and of the Company. In addition, the Company undertakes by this Agreement to take charge of all costs of application, international extension, concession and maintenance of Industrial or Intellectual Property titles co-owners with the Public Body. In the event that the aforementioned agreement for the exploitation of rights is terminated in the future, the Public Body and the Company may exploit the results of the Project freely by itself or by granting licenses to third parties without any commitment to the other Party.
