Company Background IP definition
Examples of Company Background IP in a sentence
Client agreement to any SOW that contemplates the use or license of Company Background IP shall constitute prior approval under this Section, and any improvements, enhancements, or application specific modifications to Company Background IP will remain the exclusive property of Company.
Notwithstanding the preceding sentence, no know-how or data would constitute Significant Company Background IP.” Non-Severable Improvement The definition of the term “Non-Severable Improvement” would be based on the following wording: “Any Project IP that (a) is created using Significant Company Background IP, and (b) cannot be exploited without infringing such Significant Company Background IP.
The Company grants to the Institution a non-exclusive, non-transferable, royalty-free licence under the Company Background IP to conduct the Study in Australia for the term of this Agreement.
As between the Parties, Company shall have the sole right, but not the obligation, using counsel of its own choice, to prepare, file, prosecute and maintain (a) Patents included in the Company Background IP and (b) Company Foreground Patents worldwide, and to be responsible for any related interference, re-issuance, re-examination, review, opposition proceedings and patent term extensions, in each case, at its sole cost and expense.
The Company has taken responsible and prudent steps to safeguard and maintain the secrecy and confidentiality of all Proprietary Information included in the Company Background IP.