Examples of Derived Technology in a sentence
All right, title and interest in and to any Derived Technology that uses N/S Technology and is made, created, developed, written, conceived or first reduced to practice by the employees, personnel, or associates (collectively “Personnel”) of any party hereto, or jointly with the Personnel of another party, in the course of, arising out of, or as a result of work done under this Agreement, shall belong to and be the exclusive property of both Nipawin and SRC.
Fulcrum hereby assigns to both Nipawin and SRC ownership of all this Derived Technology that it develops.
In addition, Fulcrum shall, at its own cost and expense, indemnify, defend and hold harmless Nipawin, SRC and each of their Affiliates, shareholders, members, officers, directors, managers, employees and representatives against all Claims alleging that the ASPD Technology (except for any Derived Technology made, created, or developed by either or both of Nipawin and SRC as described in Section 5.3) infringes any third party Intellectual Property.
To the extent that any Technology is made, created, developed, written, conceived or first reduced to practice solely by Personnel of one party in the course of, which arises out of or as a result of work done under this Agreement and which is not Derived Technology, such Technology shall belong to and be the exclusive property of such party (“Solely Developed Intellectual Property”).
SpectRx shall remain the sole owner of (i) SpectRx's Intellectual Property, which SpectRx possessed as of the Effective Date, whether or not the subject matter of such intellectual property is related to the Product Field, (ii) Developed Technology that was developed solely by SpectRx (and not in performance of its services hereunder as provided for in the Statement of Work), and (iii) Derived Technology in respect of SpectRx's Intellectual Property.
Welcx Xxxxx xxxll remain the sole owner of (i) Welcx Xxxyn's Intellectual Property, which Welcx Xxxxx xxxsessed as of the Effective Date, whether or not the subject matter of such intellectual property is related to the Product Field, (ii) Developed Technology that was developed solely by Welcx Xxxxx (xxd not in performance of its services hereunder as provided for in the Statement of Work), and (iii) Derived Technology in respect of Welcx Xxxyn's Intellectual Property.
All right, title and interest in and to any Derived Technology that uses ASPD Technology and is made, created, developed, written, conceived or first reduced to practice by the Personnel of any party hereto, or jointly with the Personnel of another party, in the course of, arising out of, or as a result of work done under this Agreement, shall belong to and be the exclusive property of Fulcrum.
Nipawin and SRC each hereby assign to Fulcrum ownership of all this Derived Technology that each of them develops.
Each party will notify the other parties of any Derived Technology that it develops or has developed or reduced to practice, whether using its own or another party’s Technology, during the term of this Agreement, and will deliver to the other parties, promptly after development or reduction to practice, tangible materials, documentation, or digital media that discloses the Derived Technology, in confidence.
Nipawin and SRC each hereby grant to Fulcrum, and Fulcrum hereby grants to each of Nipawin and SRC, a non-exclusive, royalty-free license to use the N/S Technology and the ASPD Technology, respectively, and the Derived Technology each owns hereunder, as necessary to perform its obligations and exercise its rights under this Agreement, with right to sublicense as necessary, during the term.