SPONSORED RESEARCH AGREEMENT between ADVAXIS, INC. (SPONSOR) and THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (PENN)
CONFIDENTIAL
TREATMENT REQUEST
[*]
indicates information that has been omitted
pursuant
to a confidential treatement request and
this
information has been filed under separate
cover
with the Commission.
between
(SPONSOR)
and
THE
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
(PENN)
TABLE
OF
CONTENTS
RECITALS
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1
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ARTICLE
1. DEFINITIONS
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1
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ARTICLE
2. SPONSORED RESEARCH
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2
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ARTICLE
3. TERM OF AGREEMENT
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2
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ARTICLE
4. REIMBURSEMENT OF COSTS, PAYMENT
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2
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ARTICLE
5. RECORDS AND REPORTS
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2
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ARTICLE
6. SPONSOR’S
RIGHTS IN RESEARCH RESULTS AND REPORTS
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3
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ARTICLE
7. INTELLECTUAL PROPERTY
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3
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ARTICLE
8. CONFIDENTIALITY, PUBLICATION, USE OF NAME
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4
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ARTICLE
9. TERMINATION
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4
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ARTICLE
10. DISCLAIMER OF WARRANTIES, INDEMNIFICATION
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7
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ARTICLE
11. ADDITIONAL PROVISIONS
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7
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Attachment
A
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8
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Appendix
1
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9
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Attachment
B
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11
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Attachment
C
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13
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This
Sponsored Research Agreement ("AGREEMENT") is made by and between The Trustees
of the University of Pennsylvania, a Pennsylvania nonprofit corporation
("PENN"), with offices located at Franklin Building, Room P221, 0000 Xxxxxx
Xxxxxx, Xxxxxxxxxxxx, XX 00000-0000, and Advaxis, Inc., a corporation organized
and existing under the laws of Delaware ("SPONSOR"), having a place of business
at 000 Xxxxx 0, Xxx 000X, X. Xxxxxxxxx, XX 00000.
This
AGREEMENT is effective as of the first day of November, 2006 ("EFFECTIVE
DATE").
RECITALS
PENN
and
SPONSOR are entering into this AGREEMENT since SPONSOR desires to fund the
research of Xx. Xxxxxx Xxxxxxxx of PENN's School of Medicine in certain specific
areas. SPONSOR desires to support such research conducted by PENN in accordance
with the terms and conditions of this AGREEMENT. The research program
contemplated by this AGREEMENT is of mutual interest to SPONSOR and PENN and
furthers the educational, scholarship and research objectives of PENN as a
nonprofit, tax-exempt, educational institution, and may benefit both SPONSOR
and
PENN through the creation or discovery of new inventions.
In
consideration of the promises and mutual covenants contained herein, and
intending to be legally bound hereby, the parties hereto agree as
follows:
ARTICLE
1.
DEFINITIONS
1.1
PENN
INTELLECTUAL PROPERTY means all patentable inventions conceived and reduced
to practice in the conduct of the SPONSORED RESEARCH during the term of this
Agreement, including all United States and foreign patent applications claiming
said patentable inventions, including any divisional, continuation,
continuation-in-part (to the extent that the claims are directed to said
patentable inventions), and foreign equivalents thereof, as well as any patents
issued thereon or reissues or reexaminations thereof. PENN INTELLECTUAL PROPERTY
also includes all significant copyrightable software created in the conduct
of
the SPONSORED RESEARCH during the term of this AGREEMENT. PENN INTELLECTUAL
PROPERTY shall not include any patent application or patent issues,
continuation, continuation in part or any other intellectual property licensed
to SPONSOR by PENN under a license agreement having an Effective Date of July
1,
2002 as amended (“LICENSE”, see Attachment C).
1.2
PRINCIPAL INVESTIGATOR means Xx. Xxxxxx Xxxxxxxx who has agreed to serve as
faculty investigator for the SPONSORED RESEARCH and shall be responsible for
the
conduct, supervision and administration of the SPONSORED RESEARCH.
1.3
RESEARCH RESULTS means all data and information which are generated in the
performance of the SPONSORED RESEARCH during the term of this AGREEMENT.
RESEARCH RESULTS expressly excludes PENN INTELLECTUAL PROPERTY.
1.4
SPONSORED RESEARCH means the research program described in Attachment A to
this
AGREEMENT.
ARTICLE
2.
SPONSORED RESEARCH
2.1
PENN
shall commence the SPONSORED RESEARCH after the EFFECTIVE DATE of this AGREEMENT
and upon payment by SPONSOR of any funds owed, and shall use good faith efforts
to conduct such SPONSORED RESEARCH substantially in accordance with the terms
and conditions of this AGREEMENT. SPONSOR acknowledges that PENN and the
PRINCIPAL INVESTIGATOR shall have the freedom to conduct and supervise the
SPONSORED RESEARCH in a manner consistent with PENN's educational and research
missions.
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2.2
If the
services of the PRINCIPAL INVESTIGATOR become unavailable to PENN for any
reason, PENN shall be entitled to designate another member of its faculty who
is
acceptable to SPONSOR to serve as the PRINCIPAL INVESTIGATOR of the SPONSORED
RESEARCH. If a substitute PRINCIPAL INVESTIGATOR has not been designated within
sixty (60) days after the original PRINCIPAL INVESTIGATOR ceases his or her
services under this AGREEMENT, either party may terminate this AGREEMENT upon
written notice thereof to the other party, subject to the provisions of ARTICLE
9.
ARTICLE
3.
TERM OF
AGREEMENT
3.1
The
initial term of this AGREEMENT shall begin on the EFFECTIVE DATE of this
AGREEMENT and shall end two years later unless terminated sooner pursuant to
Sections 2.2 or 9.2 hereof. This AGREEMENT may be extended or renewed only
by
mutual written agreement executed by duly authorized representatives of the
parties.
ARTICLE
4.
REIMBURSEMENT OF COSTS, PAYMENT
4.1
SPONSOR
shall reimburse PENN for all direct and indirect costs incurred in the conduct
of the SPONSORED RESEARCH in an amount not to exceed the total amount of
$ 118,755
as set forth in Attachment A. SPONSOR acknowledges that this amount is a good
faith estimate only and not a guarantee of the cost to conduct the SPONSORED
RESEARCH. If at any time PENN determines that it will require additional funds
for the SPONSORED RESEARCH, it shall notify SPONSOR and provide an estimate
of
the additional amount. SPONSOR shall not be liable for any costs in excess
of
the amount of $118,755 unless it has agreed in writing to provide additional
funds.
4.2
SPONSOR
shall make payments in advance to PENN in accordance with the payment schedule
set forth in Attachment A. All payments shall clearly identify the PRINCIPAL
INVESTIGATOR and SPONSORED RESEARCH. All payments are to be made by check
payable in United States dollars, to "The Trustees of the University of
Pennsylvania", and sent to:
The
University of Pennsylvania
Office
of
Research Services
P.O.
Box
7777-W9535
Philadelphia,
PA 19175
4.3
Title to
any equipment, laboratory animals, or any other materials made or acquired
with
funds provided under this AGREEMENT shall vest in PENN, and such equipment,
animals, or materials shall remain the property of PENN following termination
of
this AGREEMENT.
ARTICLE
5.
RECORDS
AND REPORTS
5.1
PRINCIPAL INVESTIGATOR shall maintain records of the results of the SPONSORED
RESEARCH and shall provide SPONSOR with reports of the progress and results
of
the SPONSORED RESEARCH in accordance with Attachment X. XXXX shall maintain
records of the use of the funds provided by SPONSOR and shall make such records
available to SPONSOR upon reasonable notice during PENN's normal business hours,
but not more frequently than each anniversary of the EFFECTIVE
DATE.
ARTICLE
6.
SPONSOR’S RIGHTS IN RESEARCH RESULTS AND REPORTS
6.1
SPONSOR shall have the right to use RESEARCH RESULTS disclosed to SPONSOR in
records and reports for any reasonable purpose. SPONSOR shall need to obtain
a
license to use RESEARCH RESULTS from PENN if such use would infringe any
copyright or any claim of a patent application or issued patent owned by PENN.
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6.2
PENN
and the PRINCIPAL INVESTIGATOR hereby grant SPONSOR a royalty-free,
nontransferable, non-exclusive right to copy, reproduce and distribute any
research reports furnished to SPONSOR under this AGREEMENT. SPONSOR may not
charge fees for said research reports, use said research reports for advertising
or promotional activities, or alter or xxxxxx said research reports without
the
prior written permission of PENN.
ARTICLE
7.
INTELLECTUAL PROPERTY
7.1
PENN
shall retain all right, title and interest in and to the PENN INTELLECTUAL
PROPERTY and any patents, copyrights, software and tangible research materials
and other intellectual property related thereto.
7.2
PRINCIPAL INVESTIGATOR shall provide PENN and SPONSOR a written disclosure
of
any PENN INTELLECTUAL PROPERTY reasonably considered patentable. SPONSOR shall
advise PENN in writing, no later than sixty (60) days after receipt of such
disclosure, whether it requests PENN to file and prosecute patent applications
related to such PENN INTELLECTUAL PROPERTY. If SPONSOR does not request PENN
to
file and prosecute such patent applications, PENN may proceed with such
preparation and prosecution at its own cost and expense; but such patent
applications shall be excluded from SPONSOR's option under Section 7.5
hereof.
7.3
PENN
shall control the preparation and prosecution of all patent applications and
the
maintenance of all patents related to PENN INTELLECTUAL PROPERTY. With regard
to
any patent applications filed at the request and expense of SPONSOR, PENN will
consult with SPONSOR on patent prosecution. SPONSOR shall reimburse PENN upon
receipt of invoice for all documented expenses incurred in connection with
the
filing and prosecution of the patent applications and maintenance of the patents
that SPONSOR has requested PENN to prosecute under Section 7.2
hereof.
7.4
PRINCIPAL INVESTIGATOR shall provide PENN and SPONSOR a written disclosure
of
any copyrightable software created in the conduct of the SPONSORED RESEARCH
during the term of this Agreement that PRINCIPAL INVESTIGATOR reasonably
considers to be scientifically valuable.
payment
for intellectual property expenses as provided for in Section 7.3, PENN grants
SPONSOR a first option to negotiate to acquire a license on terms substantially
similar to the terms of LICENSE and in accordance with industry standards to
practice PENN INTELLECTUAL PROPERTY. PENN and SPONSOR will negotiate in good
faith to determine the terms of a license agreement as to each item of PENN
INTELLECTUAL PROPERTY for which SPONSOR has agreed to make payment for
intellectual property expenses as provided for in Section 7.3, if any. For
PENN
INTELLECTUAL PROPERTY subject to the conditions in Section 2.6 of LICENSE all
terms specified in Section 2.6 of LICENSE shall apply. If SPONSOR and PENN
fail
to execute a license agreement within six (6) months after disclosure of the
PENN INTELLECTUAL PROPERTY to SPONSOR or if SPONSOR fails to make payment for
intellectual property expenses as provided for in Section 7.3, PENN shall be
free to license the PENN INTELLECTUAL PROPERTY to any party upon such terms
as
PENN deems appropriate, without any further obligation to SPONSOR.
7.6
Any
license granted to SPONSOR pursuant to Section 7.5 hereof shall be subject
to
PENN’s right to use and permit other non-profit organizations to use PENN
INTELLECTUAL PROPERTY for educational and research purposes and, if applicable,
to the rights of the United States government reserved under Public Laws 96-517,
97-256 and 98-620, codified at 35 U.S.C. 200-212, and any regulations issued
thereunder.
ARTICLE
8.
CONFIDENTIALITY, PUBLICATION, USE OF NAME
8.1
PENN
shall not be obligated to accept any confidential information from SPONSOR.
If
SPONSOR desires to furnish any confidential information to the PRINCIPAL
INVESTIGATOR, SPONSOR may request the PRINCIPAL INVESTIGATOR to sign the
“Agreement between SPONSOR and PRINCIPAL INVESTIGATOR concerning SPONSOR’s
Confidential Information” that is attached as Attachment X. XXXX bears no
responsibility for maintaining the confidentiality of any confidential
information of SPONSOR provided under such an individual agreement.
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8.2
In
order to preserve the patentability of PENN INTELLECTUAL PROPERTY, SPONSOR
shall
maintain PENN INTELLECTUAL PROPERTY and information provided pursuant to the
SPONSORED RESEARCH (whether oral or written) as confidential and shall not
disclose such information to any third party until the publication of such
information by the PRINCIPAL INVESTIGATOR or until PENN provides SPONSOR with
written verification that all desirable patentable inventions have been
protected, whichever occurs sooner.
8.3
PENN
shall be free to publish, present or otherwise disclose RESEARCH RESULTS or
other information and material resulting from the SPONSORED RESEARCH for any
purpose. PENN shall furnish the SPONSOR with a copy of any proposed publication
or presentation at least thirty (30) days in advance of the submission of said
proposed publication in order for SPONSOR to review and comment on said proposed
publication.
8.4
PENN
shall not use SPONSOR's name without SPONSOR's prior written consent except
that
PENN may acknowledge SPONSOR's funding of this SPONSORED RESEARCH and any
scientific contributions in scientific publications and in listings of sponsored
research projects. SPONSOR shall not use PENN's name, or the name of any
trustee, officer, faculty member, student or employee thereof, without PENN's
prior written consent.
ARTICLE
9.
TERMINATION
9.1
In
addition to the termination right set forth in Section 2.2 hereof, either party
may terminate this AGREEMENT effective upon written notice to the other party,
if the other party breaches any of the terms or conditions of this AGREEMENT
and
fails to cure such breach within thirty (30) days after receiving written notice
thereof. In the event of an incurable breach, the non-breaching party may
terminate this AGREEMENT effective immediately upon written notice to the
breaching party.
9.2
In the
event of termination of this AGREEMENT prior to its stated term whether for
breach or for any other reason whatsoever, PENN shall be entitled to retain
from
the payments made by SPONSOR prior to termination PENN's reasonable costs of
concluding the work in progress. Allowable costs include, without limitation,
all costs or noncancellable commitments incurred prior to the receipt, or
issuance, by PENN of the notice of termination, and the full cost of each
employee, student and faculty member supported hereunder through the end of
such
commitments. In the event of termination, PENN shall submit a final report
of
all costs incurred and all funds received under this AGREEMENT within ninety
(90) days after the effective termination date. The report shall be accompanied
by a check in the amount of any excess of funds advanced over costs and
allowable commitments incurred. In case of a deficit of funds, SPONSOR shall
pay
PENN the amount needed to cover costs and allowable commitments incurred by
PENN
under this AGREEMENT.
9.3
Termination of this AGREEMENT shall not affect the rights and obligations of
the
parties accrued prior to termination hereof. The provisions of ARTICLE 4,
entitled REIMBURSEMENT OF COSTS, PAYMENT; ARTICLE 6, entitled SPONSOR’S RIGHTS
IN RESEARCH RESULTS AND REPORTS; ARTICLE 7, entitled INTELLECTUAL PROPERTY;
ARTICLE 8 entitled CONFIDENTIALITY, PUBLICATION, USE OF NAME , ARTICLE 10,
entitled DISCLAIMER OF WARRANTIES, INDEMNIFICATION; and ARTICLE 11, entitled
ADDITIONAL PROVISIONS, shall survive such termination.
ARTICLE
10.
DISCLAIMER OF WARRANTIES, INDEMNIFICATION
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10.1 PENN
MAKES NO WARRANTIES, EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER, INCLUDING,
WITHOUT LIMITATION, WARRANTIES WITH RESPECT TO THE CONDUCT, COMPLETION, SUCCESS
OR PARTICULAR RESULTS OF THE SPONSORED RESEARCH, OR THE CONDITION, OWNERSHIP,
MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OF THE SPONSORED RESEARCH
OR ANY PENN INTELLECTUAL PROPERTY OR RESEARCH RESULTS OR THAT USE OF THE PENN
INTELLECTUAL PROPERTY OR RESEARCH RESULTS WILL NOT INFRINGE ANY PATENT,
COPYRIGHT, TRADEMARK OR OTHER INTELLECTUAL PROPERTY RIGHT OF A THIRD PARTY.
PENN
SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, PUNITIVE OR OTHER
DAMAGES SUFFERED BY SPONSOR OR ANY OTHER PERSON RESULTING FROM THE SPONSORED
RESEARCH OR THE USE OF ANY PENN INTELLECTUAL PROPERTY, ANY RESEARCH RESULTS
OR
ANY PRODUCTS RESULTING THEREFROM.
10.2
SPONSOR
shall defend, indemnify and hold harmless PENN, the PRINCIPAL INVESTIGATOR
and
any of PENN's faculty, students, employees, trustees, officers, affiliates
and
agents (hereinafter referred to collectively as the "INDEMNIFIED PERSONS")
from
and against any and all liability, claims, lawsuits, losses, damages, costs
or
expenses (including attorneys' fees), which the INDEMNIFIED PERSONS may
hereafter incur, or be required to pay as a result of SPONSOR's use of the
results of SPONSORED RESEARCH or any PENN INTELLECTUAL PROPERTY or RESEARCH
RESULTS or as a result of any breach of this AGREEMENT or any act or omission
of
SPONSOR, its employees, affiliates, contractors, licensees or agents. PENN
shall
notify SPONSOR upon learning of the institution or threatened institution of
any
such liability, claims, lawsuits, losses, damages, costs and expenses and PENN
shall cooperate with SPONSOR in every proper way in the defense or settlement
thereof at SPONSOR's request and expense.
ARTICLE
11.
ADDITIONAL PROVISIONS
11.1
No
rights hereunder may be assigned by SPONSOR, directly or by merger or other
operation of law, without the express written consent of PENN, which consent
shall not be unreasonably withheld. Any prohibited assignment of this AGREEMENT
or the rights hereunder shall be null and void. No assignment shall relieve
SPONSOR of responsibility for the performance of any accrued obligations, which
it has prior to such assignment.
11.2
A waiver
by either party of a breach or violation of any provision of this AGREEMENT
will
not constitute or be construed as a waiver of any subsequent breach or violation
of that provision or as a waiver of any breach or violation of any other
provision of this AGREEMENT.
11.3
Nothing
herein shall be deemed to establish a relationship of principal and agent
between PENN and SPONSOR, nor any of their agents or employees, nor shall this
AGREEMENT be construed as creating any form of legal association or arrangement
which would impose liability upon one party for the act or failure to act of
the
other party. Nothing in this AGREEMENT, express or implied, is intended to
confer on any person other than the parties hereto or their permitted assigns,
any benefits, rights or remedies.
If
to
PENN:
Research
Services
University
of Pennsylvania
Franklin
Building, Room P221
0000
Xxxxxx Xxxxxx
Philadelphia,
PA 19104-6205
Attn.:
Executive Director
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of 14
If
to
PRINCIPAL INVESTIGATOR:
Xxxxxx
Xxxxxxxx, Ph.D.
Department
of Microbiology
University
of Pennsylvania
323A
Xxxxxxx Pavilion
Philadelphia,
PA 19104
If
to
SPONSOR:
Att:
Xxxx
Xxxxx, CEO
Advaxis,
Inc
675
Route
1
N.
Brunswick, NJ 08902
11.5
This
AGREEMENT shall be construed and governed in accordance with the laws of the
Commonwealth of Pennsylvania, without giving effect to conflict of law
provisions. The parties hereby submit to the exclusive jurisdiction of and
venue
in any state or federal courts located within the Eastern District of
Pennsylvania with respect to any and all disputes concerning the subject of
this
AGREEMENT.
11.6
PENN and
SPONSOR shall not discriminate against any employee or applicant for employment
because of race, color, sex, sexual or affectional preference, age, religion,
national or ethnic origin, handicap, or because he or she is a disabled veteran
or veteran of the Vietnam Era.
11.7
Neither
party shall be liable for any failure to perform as required by this AGREEMENT
to the extent such failure to perform is due to circumstances reasonably beyond
such party's control, including, without limitation, labor disturbances or
labor
disputes of any kind, accidents, failure of any governmental approval required
for full performance, civil disorders or commotions, acts of aggression, acts
of
God, energy or other conservation measures imposed by law or regulation,
explosions, failure of utilities, mechanical breakdowns, material shortages,
disease, or other such occurrences.
11.8
SPONSOR
shall comply with all laws, regulations and other legal requirements applicable
to SPONSOR in connection with this AGREEMENT, including but not limited to
any
legal requirements applicable to SPONSOR's use of the results of the SPONSORED
RESEARCH or any PENN INTELLECTUAL PROPERTY or RESEARCH RESULTS and laws
controlling the export of technical data, computer software, laboratory
prototypes, and all other export controlled commodities.
11.9
This
AGREEMENT embodies the entire understanding between the parties relating to
the
subject matter hereof and supersedes all prior understandings and agreements,
whether written or oral. This AGREEMENT may not be varied except by a written
document signed by duly authorized representatives of both parties.
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IN
WITNESS WHEREOF, the duly authorized representatives of the parties hereby
execute this AGREEMENT as of the date first written above.
THE
TRUSTEES OF THE
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UNIVERSITY
OF PENNSYLVANIA
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By:
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By:
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Name:
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Name:
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Title:
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Title:
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Date:
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Date:
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I
have
read and agreed to the responsibilities of the PRINCIPAL
INVESTIGATOR:
By:
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Date: |
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Xxxxxx Xxxxxxxx, Ph. D. |
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Attachment
A
Summary
of SPONSORED RESEARCH
1)
Work
Scope
2)
Details of Program - See Appendix 1
PRINCIPAL
INVESTIGATOR:
1) Name:
Xxxxxx Xxxxxxxx, Ph.D.
2) Phone
Number: 000-000-0000
Representative
of SPONSOR:
1)
Name:
Xxxx Xxxxx
2)
Phone
Number: 000 000 0000
Period
of
Performance: Two years
Report
Schedule:
Final
report within thirty (30) days after termination
Budget:
Total
Direct Costs = $100,693, per annum
Indirect
Costs = $58,905
Total
Costs per annum = $159,598
Total
costs for period of award =$319,196
Payment
Schedule:
Payments
will be made every quarter such that an initial payment of 25% of the total
costs per annum will be due and payable upon signing this AGREEMENT, 25% will
become due three (3) months after signing of this AGREEMENT, and for every
three
months thereafter for the term of the agreement. The last payment is thus due
August 1, 2008.
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Appendix
1
Appendix
1
[*]
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[*]
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Attachment
B
SPONSOR
CONFIDENTIAL INFORMATION
The
free
publication and dissemination of research results and information is an
essential and long-standing policy of the University of Pennsylvania. Because
of
the negative impact confidentiality obligations can have on the educational
mission of the University and the free communication of research results, the
University does not undertake to keep proprietary information provided by a
commercial sponsor confidential. Under certain circumstances, however, the
University recognizes that a University principal investigator (the
“Investigator”) under a commercially sponsored research program may desire to
receive confidential and proprietary information of the commercial sponsor
(“Sponsor”) that the Investigator considers essential for the conduct of the
research program. Accordingly, the University will permit the Investigator
to
accept confidential information of a Sponsor under the terms and conditions
of
the agreement between the Sponsor and Investigator stated below.
Agreement
between Sponsor and Principal Investigator
Concerning
Sponsor Confidential Information
In
connection with research to be conducted at the University of Pennsylvania
(“University”) sponsored by [Insert name of research sponsor] (“Sponsor”) and
relating to [Insert brief description of the research ] (the “Sponsored
Research”), Sponsor desires to provide [Insert name of Principal Investigator]
(“Investigator”) with certain information that Sponsor considers confidential.
1.
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For
purposes of this Agreement, “Confidential Information” means only
confidential information of Sponsor related to the Sponsored Research
that
is disclosed to the Investigator by Sponsor in writing and conspicuously
marked as confidential and proprietary at the time of disclosure,
or, if
disclosed visually or orally, is stated to be confidential and proprietary
at the time of disclosure and confirmed by a written summary describing
the information in reasonable detail delivered by Sponsor to Investigator
within seven (7) days after disclosure. Notwithstanding anything to the
contrary contained in this Agreement or the markings on any document
disclosed by Sponsor, Confidential Information does
not include:
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(a)
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information
that is reasonably required by scientific standards for publication
of the
Sponsored Research, or any information that is necessary for other
scholars to verify the results of the Sponsored
Research;
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(b)
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information
that is in the public domain at the time Sponsor discloses it to
Investigator or that thereafter enters the public domain through
no fault
of Investigator;
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(c)
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information
that was known to Investigator or to the University before the date
Sponsor discloses it to Investigator, or that becomes known to
Investigator or the University through a third party having an apparent
bona fide right to disclose the
information;
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(d)
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information
that is independently developed by University
personnel;
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(e)
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information
that is disclosed by Investigator or the University in accordance
with the
terms of Sponsor’s written
approval;
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(f)
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information
that is required to be disclosed for compliance with any Federal,
state or
local law or regulation, or required to be disclosed by a court of
law or
governmental authority.
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2. The
Investigator retains the right to refuse to accept any Confidential Information
that the Investigator does not consider to be essential to the performance
of
the Sponsored Research or that the Investigator believes to be improperly
designated as Confidential Information.
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3. In
the
event the Investigator does accept any Confidential Information, for a period
of
three (3) years after Investigator’s acceptance of Confidential Information,
Investigator agrees to use efforts no less than those Investigator employs
with
respect to Investigator’s own confidential information:
(a)
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not
to disclose the Confidential Information to third parties without
Sponsor’s consent to such disclosure;
and
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(b)
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to
use the Confidential Information only in furtherance of the Sponsored
Research.
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4. Sponsor
specifically acknowledges its understanding that the Investigator's efforts
hereunder will not necessarily conform to prevailing commercial standards for
the protection of confidential and proprietary information. Sponsor expressly
agrees that the University shall not be liable for any disclosure of Sponsor’s
Confidential Information.
5. This
Agreement sets forth the entire understanding of Sponsor and Investigator with
respect to the subject matter hereof, supersedes any prior agreement between
Sponsor and Investigator, and there are no other understandings or agreements,
written or oral, between them relating to such subject matter. The Agreement
may
not be changed or supplemented in any way except by a written agreement duly
executed by both Sponsor and Investigator and approved by the University. This
Agreement shall be governed by, enforced, and interpreted in accordance with
the
laws of the Commonwealth of Pennsylvania, without giving effect to its
principles of conflict of laws.
SPONSOR | INVESTIGATOR | ||
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Date:
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Date:
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