Common use of Sponsor Election of Rights Clause in Contracts

Sponsor Election of Rights. Sponsor shall notify UGARF in writing, with sufficient notice so as not to compromise UGARF’s or Sponsor’s rights, of the countries in which Sponsor wishes patent or other applications to be filed, including but not limited to national phase filings and registrations in individual countries stemming from regional filings. UGARF shall use reasonable efforts to file for, prosecute, and maintain protection for any patent and/or other rights among UGARF Intellectual Property and/or Joint Intellectual Property that are timely requested by Sponsor.

Appears in 4 contracts

Samples: Sponsored Research Agreement (Sunshine Biopharma, Inc), Industry Express 1 Sponsored Research Agreement, Industry Express 3 Sponsored Research Agreement

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