Unrelated Technologies. The Company shall have no claim on any of the Parties for any of the technologies of such Parties that are unrelated to the Intellectual Property Rights. It is acknowledged by the Xxxxxx Trust, the Xxxxxxxx Trust and Atagencer that each such Party, or the Affiliate of each such Party, is a creative scientist who desires and intends to engage in research and other creative activities during his or her professional career outside the scope of the Intellectual Property Rights. Nothing in this Agreement is intended in any manner to limit or prohibit any such Party from continuing in such activities and such Parties are encouraged to do so. Each such Party shall be entitled to receive all economic benefits, compensation and profits to which such Party may be entitled as a result of such unrelated technology. In the event, however, that such Party wishes to disclose such unrelated technology or any matters arising therefrom to the Company and the Company is interested in obtaining information with respect thereto looking toward the possible commercialization thereof on essentially the same terms as set forth in this Agreement, then the Company agrees that it will enter into an appropriate non-disclosure and trade secrecy agreement protecting such Party from any improper utilization by the Company of the information disclosed to it by such Party on a confidential basis.
Unrelated Technologies. The parties acknowledge that SL is a creative scientist who desires and intends to engage in research and other creative activities during his professional career outside of the scope of the Project Phase 1 and in fields other than those related to NTIC’s business or NTIC’s actual or demonstrably anticipated research and development (“Unrelated Technology”). Nothing in this Agreement is intended in any manner to limit or prohibit SL from continuing in such activities, and SL is encouraged to do so. In the event, however, that SL wishes to disclose any such Unrelated Technology and matters arising therefrom to NTIC, and if NTIC is interested in obtaining information with respect thereto looking toward the possible commercialization thereof on essentially the same terms as set forth in this Agreement, then NTIC agrees that it will enter into an appropriate non-disclosure and trade secrecy agreement protecting SL from any improper utilization by NTIC of the information disclosed to it by SL on a confidential basis.
Unrelated Technologies. The Parties acknowledge that Founder is a creative scientist who desires and intends to engage in research and other creative activities during his professional career (individually and through Affiliates of Founder other than Atagencer, e.g. IMET) outside of the scope of the Atagencer Technology and in fields other than the Designated Applications (“Unrelated Technology”). Attached as Exhibit C is a true, correct and complete list of all Unrelated Technology owned by IMET. Founder shall update said Exhibit C from time to time during the term of this Agreement, as requested by NTI, to disclose all additional Unrelated Technology that is hereafter acquired by IMET. Nothing in this Agreement is intended in any manner to limit or prohibit Founder from continuing in such activities, and Founder is encouraged to do so. Founder shall be entitled to receive all economic benefits, compensation, and profits that may be derived from the use of such Unrelated Technology, and Founder shall not be required to transfer his interests in such Unrelated Technology to Atagencer. In the event, however, that Founder wishes to disclose any such Unrelated Technology and matters arising therefrom to NTI, and if NTI is interested in obtaining information with respect thereto looking toward the possible commercialization thereof on essentially the same terms as set forth in this Agreement, then NTI agrees that it will enter into an appropriate non-disclosure and trade secrecy agreement protecting Founder from any improper utilization by NTI of the information disclosed to it by Founder on a confidential basis.
