Existing IP definition
Examples of Existing IP in a sentence
Each party retains all right, title and interest in and to their respective Existing IP.
During the Sharing Period, a party to this Agreement (“Requesting Party”) shall have the right to request to have filed, have prosecuted, and/or maintained, at the Requesting Party’s sole expense, additional continuing Patents (each, an “Improvement Patent”) based upon (a) Broncus Existing IP and/or Broncus Future IP (if the Requesting Party is Asthmatx) or (b) Asthmatx Existing IP and/or Asthmatx Future IP (if the Requesting Party is Broncus).
Ownership of an Improvement Patent that is based on or derived from Asthmatx Existing IP or Asthmatx Future IP shall reside with Asthmatx.
Neither party will publish or otherwise disclose (except subject to appropriate confidentiality agreements) any Confidential Information regarding the other’s technology, Existing IP or Future IP that is covered under this Agreement without the prior written approval from the other party, which approval will not be unreasonably withheld.
This Agreement does not impose any obligation on Broncus to enforce any Broncus Existing IP or any Broncus Future IP against any third party or parties party at the request of Asthmatx or otherwise, or to be joined as a party to any action by Asthmatx to enforce any Broncus Existing IP or any Broncus Future IP against a third party.