Designated Invention definition

Designated Invention means an Invention for which a patent application has been filed by one or more of the Parties pursuant to Sections 11.1 or 11.2. “Derivative Process(es)” shall have the meaning ascribed to it in Section 8.1

Designated Invention means any invention, product, or service conceived or first reduced to practice by any person in the performance of a designated activity under a written con- tract with the Administration or the ISS management entity.

Designated Invention means any patentable invention or proprietary Biological Material, in each case, created and/or conceived and/or reduced to practice, by any employees of LICENSOR funded under a future sponsored research agreement funded by LICENSEE and which LICENSEE, in a written notice to LICENSOR within 90 days after LICENSEE first receives written notification of such invention or Biological Material in accordance with the terms of the sponsored research agreement, shall have designated as an invention it wishes to license under the terms of this Agreement.

Examples of Designated Invention in a sentence

• It shall be in the sole discretion of the inventing party to determine whether or not to file a patent application on an Invention, thereby creating a Designated Invention.

• Under Output 2.3, knowledge on EbA that has been generated and collated through the project will be shared on the main regional knowledge platforms, including the inter alia: i) ADB GMS CEP data portal; ii) MRC data portal; and iii) Lancang-Mekong Information Sharing Platforms (currently being developed).

• Each inventing Party shall have the right to grant licenses (including the right of any licensee to grant sublicenses) to the inventing Party’s Subsidiaries and/or to Third Parties under any patent issued on such a joint Designated Invention without compensation to the other inventing Party and/or its or their Representatives or contractors, which hereby give any necessary consent for granting such licenses as may be required by the law of any country.

• All subsequent costs shall be handled pursuant to the following: With respect to any joint Designated Invention, where one Party elects not to seek or maintain such protection thereon in any particular country or not to share equally in the expenses thereof, the other Party shall have the right to seek or maintain such protection in said country at its or their own expense and shall have full control over the prosecution and maintenance thereof even though title to any patent issued thereon shall be joint.

• Each inventing Party shall have the right to grant licenses (including the right of any licensee to grant sublicenses) to the inventing Party’s Subsidiaries and/or to Third Parties under any patent issued on such a joint Designated Invention without compensation to the other inventing Party(ies) and/or its or their Representatives or contractors, which hereby give any necessary consent for granting such licenses as may be required by the law of any country.

• It shall be in the sole discretion of the inventing Party to determine whether or not to file a patent application on an Invention, thereby creating a Designated Invention.

• All LLC assets shall be recorded as the property of the LLC on its books and records, irrespective of the name in which legal title to any such LLC asset is held.

• Each Party shall have the right to grant licenses (including the right of any licensee to grant sublicenses) to their Subsidiaries and/or to Third Parties under any patent issued on such a joint Designated Invention without compensation to the Party, which hereby gives any necessary consent for granting such licenses as may be required by the law of any country.