Shared ownership with exploitation agreement Sample Clauses

Shared ownership with exploitation agreement of exclusive rights with the royalties agreed in this Agreement Both Parties undertake to sign a joint ownership and rights exploitation agreement, renouncing to the individual exploitation right provided for in article 80.2 of the 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. Said joint ownership and exploitation of rights agreement will be signed by both Parties once they have notified in writing their interest to participate as joint owners of the Industrial or Intellectual Property title or that the existence of results mentioned in Clause Tenth and during the indicated maximum period of four months. In any case, both Parties undertake to subscribe to the aforementioned joint ownership and rights exploitation agreement before applying for the aforementioned title of shared Industrial or Intellectual Property. This agreement will be defined directly by the competent services of the Public Body and the Company. In the aforementioned agreement of co-ownership and exploitation of rights, the parties will stipulate the percentages of ownership of the title of Industrial or Intellectual Property, the appropriate economic considerations to be paid by the Company to the Public Body (opting for some or a mixture of the following basic modalities of economic compensation, which will be negotiated in each case directly by the competent services of the Public Body and the Company) which will be the following: