Developed IP definition
Examples of Developed IP in a sentence
Subject to Section 6.02(3), BNY Mellon hereby irrevocably assigns, transfers and conveys to Voya all of its right, title and interest in and to the Developed IP.
Unless otherwise agreed to in writing by the Parties, Voya shall own and have all right, title and interest in and to the Developed IP and BNY Mellon agrees that Developed IP that are a work of authorship shall be deemed to be created and prepared as, and shall therefore constitute, a “work made for hire” by Voya as the “author” and owner to the extent permitted by United States copyright law.
BNY Mellon shall execute any documents (or take any other actions) as may be necessary, or as Voya may reasonably request, to perfect the ownership of Voya in the Developed IP.
Where any Developed IP vests in the NDA pursuant to Clauses AZ16.4.1, AZ16.4.2 or AZ16.4.3.2, the Contractor shall seek, at the expense of the NDA or the Employer, reasonable and necessary protection in respect of such Developed IP by way of patent applications or otherwise as the NDA or Employer may direct.
The Contractor shall promptly notify the Employer of any such Developed IP.