Transfer and licensing of Sample Clauses

Transfer and licensing of project results * Define conditions under which the ownership of project results can be transferred. Note: remember that under the RfP, transfers are possible provided that certain obligations are complied with. One of these is the obligation to notify project partners before proceeding to the transfer; such partners will then have a right to object. It is however possible to avoid this notification/objection procedure by identifying specific third parties in the consortium agreement, for which transfers will be agreed to in advance. * In the consortium agreement: describe notification and objection procedures, identify third parties to which transfers are automatically allowed, i.e. for which the notification/objection procedure will not apply. Example of such transfer clause: “Each Party may transfer ownership of its own Results to any legal entity, subject to the following conditions: Where a Party transfers ownership of Results, it shall pass on its obligations regarding those Results to the assignee, including the obligation to pass them on to any subsequent assignee. Subject to its obligations concerning confidentiality, as in the context of a merger or an acquisition of a large part of its assets, where a Party wishes to transfer results which are still subject to access rights from other Parties, it shall give at least <NUMBER> days prior notice to the other parties of the envisaged transfer, together with sufficient information concerning the envisaged new owner of the Results to permit the other Parties to exercise their access rights. Following notification in accordance with the previous paragraph, any other Party may object within <NUMBER> days of the notification or within a different time limit agreed in writing between all Parties, to any envisaged transfer of ownership on the grounds that it would adversely affect its access rights. Where any of the other Parties demonstrate that their access rights would be adversely affected, the intended transfer shall not take place until an agreement has been reached between the Parties concerned. Each Party may, however, identify specific third parties to which it can potentially transfer the ownership of its Results, in Attachment <NUMBER> to this Consortium Agreement. The other Parties hereby waive their right to object to a transfer to the listed third parties. Modifications to Attachment <NUMBER> after signature of this Agreement require an acceptance of <THE ULTIMATE DECISION-MAKING BODY OF THE ...