Background Intellectual Property (BIP) definition

Background Intellectual Property (BIP) is defined as Party’s IP acquired or developed by or for it (i) prior to the Effective Date of this Agreement; or (ii) subsequent to the Effective Date of this Agreement, which were not developed in the course of performance of any sub award project under a separate Project Agreement directed to Consortium Research and during the term of such separate Project Agreement, and without using the Proprietary Information or Intellectual Property of any other Party.
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Background Intellectual Property (BIP) means any intellectual property that a party owns or controls prior to, or outside of, this contractual agreement and that may be necessary to its related efforts. This includes any patents or pending applications, copyrightable materials, as well as other proprietary materials possessed by a party. Additionally, BIP could include any materials for which a party has a valid license from a third party to use for their activities.
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Examples of Background Intellectual Property (BIP) in a sentence

  • RIT ________ | Error: Reference source not found ________ ) If either party has Background Intellectual Property (BIP) that is necessary to perform work under this Agreement, that BIP shall be noted in Appendix A by the owner of the BIP (Discloser) to the other party (Receiver).

  • Both parties agree to identify in advance or during the course of the CRADA Background Intellectual Property (BIP) that has value for the joint research but which was developed with separate funds outside the CRADA.

  • Both parties agree to identify in advance and during the course of the CRADA Background Intellectual Property (BIP), as defined in Article 2, that has value for the joint research but which was developed with separate funds outside the CRADA.

  • In exchange for the fees set forth in the applicable Project Assignment, Dextra grants to Customer a worldwide, non-exclusive, irrevocable, perpetual, royalty free license, with the right to sublicense through multiple levels of sublicensees, to use, reproduce, distribute, publicly perform, publicly display and make derivative works of the Background Intellectual Property ("BIP"); only to the effect that the BIP is for the performance of the project assignment.

  • RIT ________ | Error: Reference source not found ________ ) If either party has Background Intellectual Property (BIP) that is necessary to perform work under this Agreement, that BIP shall be clearly noted in the Research by the owner of the BIP.

  • Background Intellectual Property (BIP) means any intellectual property which already exists at the date this Partnership Agreement enters into force and which has not been developed under a contract with the Agency.