Funded IP definition

Funded IP means any Inventions or other intellectual property rights (including, without limitation, copyrights) that both (i) are generated or made (whether conceived or reduced to practice, actually or constructively) during the IP and Revenue Sharing Agreement Term (defined in Section 10 below) and (ii) arise (in whole or in part) in the course of performing the Funded Research by or under the direction of any Investigator, or otherwise from the use of funding provided directly or indirectly by LLS. For clarity, Funded IP includes Modified Background IP, but does not include Background IP that is not otherwise Modified Background IP.
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Funded IP means any Inventions or other intellectual property rights in Inventions, Related Patent Rights, and copyrights that are (i) generated during the IP and Revenue Sharing Agreement Term (defined in Section 10 below) and arising (in whole or in part) from the use of funding provided directly or indirectly by LLS, or(ii) created, conceived or first reduced to practice, constructively or actually, by any Investigator (1) in the course of performing the Sponsored Research during the Term or (2) within twelve (12) months thereafter relating to the Sponsored Research.
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Funded IP means Intellectual Property Rights whose purchase, development or use is funded wholly or partly by the Facility;]
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Examples of Funded IP in a sentence

  • As between LLS and Funded Institution, title to, and responsibilities for, any Funded IP will reside in the Funded Institution.

  • Further, within ten (10) days of the effective date of this IP and Revenue Sharing Agreement, the Funded Institution must provide LLS with a copy of its intellectual property policy that requires the Investigator to assign to the Funded Institution all of the Investigator’s rights, title, and interest in and to any Funded IP.

  • As the funding provided by LLS creates value through the creation of Funded IP, the Funded Institution shall share the revenues it receives from the use and/or licensing of the Funded IP, which share LLS would use to further its mission.

  • Funded Institution agrees that if the audit uncovers a shortfall in the amounts paid to LLS of greater than 5% between what Funded Institution paid to LLS and what Funded Institution owes LLS for the Commercialization of Funded IP or Related Patent Rights, then Funded Institution must pay LLS within ten (10) days of when the audit is completed (a) all amounts necessary to cover the shortfall; and (b) all costs that LLS incurs in conducting the audit.

  • In this regard, LLS recognizes that certain Funded IP (defined below), potentially having public health, scientific, business, or commercial application or value, may be discovered or developed in the course of or arise out of research or development supported with funds furnished by the LLS.

  • Funded Institution hereby grants to LLS a non-exclusive, non-transferable (except under Section 4.2 of the Terms), sub-licensable worldwide and royalty-free license under the Funded IP for non-commercial research purposes only.

  • LLS desires that such Funded IP be effectuated and brought into public use at the earliest possible time, and it recognizes that often this may be best accomplished through patenting and/or licensing of such Funded IP.

  • Funded Institution agrees to exert its best efforts to (a) develop and Commercialize the Funded IP and Related Patent Rights, consistent with Funded Institution’s standard practices; and (b) to provide all necessary assistance and cooperation to LLS when LLS chooses to file for Related Patent Rights as described in Sections 2 and 4 in this IP and Revenue Sharing Agreement.

  • If Funded Institution lacks such a policy, then Funded Institution will (a) immediately notify LLS of this fact; and(b) cause the Investigator to presently assign to the Funded Institution all of the Investigator’s rights, title, and interest in and to any and all Funded IP on a form of assignment approved by LLS in advance.

  • Any sale, assignment or transfer of royalties relating to the Funded IP or Related Patent Rights by Funded Institution shall be subject to LLS prior written consent, not to be unreasonably withheld.


More Definitions of Funded IP

Funded IP means inventions, discoveries, know-how, trade secrets, confidential information, biomaterials, patents, plant variety protection act rights, breeders' rights, or other intellectual or industrial property on a worldwide basis arising our of or developed in the course of the Research Program or any Project.
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Funded IP means any Inventions or other intellectual property rights (including, without limitation, copyrights) that both (i) are generated or made (whether conceived or reduced to practice, actually or constructively) during the CDP IP Agreement Term (defined in Section 9 below) and (ii) arise (in whole or in part) in the course of performing the Funded Research by or under the direction of any Investigator, or otherwise from the use of funding provided directly or indirectly by LLS.
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Related to Funded IP

  • Transferred IP means the Intellectual Property Rights that are both (a) owned by the Seller or in the case of rights licensed in to Seller by a third party under a Licensed-In Transferred IP Agreement, all of the rights Seller has under such agreement, and (b) embodied in the Transferred Technology.

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Company IP means all Intellectual Property Rights and Intellectual Property owned by or exclusively licensed to the Company.

  • Developed IP means any Intellectual Property Rights that are conceived or reduced to practice, or otherwise created or developed, by or on behalf of a Party, its Affiliates or sublicensees, alone or together with one or more Third Parties, during the Term in connection with the Development, Manufacture, or use of the Compound or any Product.

  • Excluded IP has the meaning assigned to such term in the U.S. Security Agreement.

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • Best available control technology (BACT means an emissions limitation (including a visible emission standard) based on the maximum degree of reduction for each pollutant subject to regulation under CAA which would be emitted from any proposed major stationary source or major modification which the Department, on a case-by-case basis, takes into account energy, environmental, and economic impacts and other costs, determines is achievable for such source or modification through application of production processes or available methods, systems, and techniques, including fuel cleaning or treatment or innovative fuel combustion techniques for control of such pollutant. In no event shall application of best available control technology result in emissions of any pollutant which would exceed the emissions allowed by any applicable standard under 7 DE Admin. Code 1120 and 1121. If the Department determines that technological or economic limitations on the application of measurement methodology to a particular emissions unit would make the imposition of an emissions standard infeasible, a design, equipment, work practice, operational standard, or combination thereof, may be prescribed instead to satisfy the requirement for the application of best available control technology. Such standard shall, to the degree possible, set forth the emissions reduction achievable by implementation of such design, equipment, work practice or operation, and shall provide for compliance by means which achieve equivalent results.

  • Licensed IP means the Licensed Patents and the Licensed Know-How.

  • Intellectual Property Assets means all Intellectual Property that is owned by Seller and used in or necessary for the conduct of the Business as currently conducted.

  • Company Intellectual Property Assets means all Intellectual Property Assets owned by the Company or used or held for use by the Company in the Business and all Products.

  • Excluded Intellectual Property shall have the meaning set forth in Section 1.2(i).

  • Qualified high-technology business means a business that is either of the following:

  • Intellectual Property License Agreement means the intellectual property license agreement substantially in the form attached as Exhibit B to the Contribution and Distribution Agreement.

  • Assigned Patents means all Patents issued to, or for which applications are pending in the name of, Holdings or any of its Subsidiaries and (a) assigned to IP Hold-Co in accordance with the Patent Assignment Agreement, including without limitation any Patents described on Schedule 5.17(a) or that are thereafter acquired by, or filed in the name of, Holdings or any of its Subsidiaries, including Patents that are the subject of Section 6.18.

  • Best available control technology or “BACT” means an emissions limitation, including a visible emissions standard, based on the maximum degree of reduction for each regulated NSR pollutant which would be emitted from any proposed major stationary source or major modification which the reviewing authority, on a case-by-case basis, taking into account energy, environmental, and economic impacts and other costs, determines is achievable for such source or modification through application of production processes or available methods, systems, and techniques, including fuel cleaning or treatment or innovative fuel combination techniques for control of such pollutant. In no event shall application of best available control technology result in emissions of any pollutant which would exceed the emissions allowed by any applicable standard under 567—subrules 23.1(2) through 23.1(5) (standards for new stationary sources, federal standards for hazardous air pollutants, and federal emissions guidelines), or federal regulations as set forth in 40 CFR Parts 60, 61 and 63 but not yet adopted by the state. If the department determines that technological or economic limitations on the application of measurement methodology to a particular emissions unit would make the imposition of an emissions standard infeasible, a design, equipment, work practice, operational standard or combination thereof may be prescribed instead to satisfy the requirement for the application of best available control technology. Such standard shall, to the degree possible, set forth the emissions reduction achievable by implementation of such design, equipment, work practice or operation and shall provide for compliance by means which achieve equivalent results.

  • Excluded License means an open source or other software license that requires, as a condition of license, use, modification, distribution or conveyance, that (a) the code be disclosed or distributed in source code form; (b) others have the right to modify or create derivative works of it; and/or (c) the code becomes redistributable at no charge.

  • Transferred Intellectual Property means (a) all Owned Intellectual Property, (b) all Intellectual Property Licenses, and (c) all Technology owned by or licensed to Sellers that is exclusively used in connection with the conduct of the Business as currently conducted (the foregoing constituting the “Transferred Technology”).

  • Company IP Rights means all Intellectual Property owned, licensed, or controlled by the Company or its Subsidiaries that is necessary for or used in the operation of the business of the Company and its Subsidiaries as presently conducted.

  • Intellectual Property Asset means, at the time of determination, any interest (fee, license or otherwise) then owned by any Credit Party in any Intellectual Property.

  • Existing Patents has the meaning set forth in Section 10.2.1.

  • Product Intellectual Property means all of the following related to a Divestiture Product (other than Product Licensed Intellectual Property):

  • Intellectual Property License means any license, permit, authorization, approval, contract or consent granted, issued by or with any Person relating to the use of Intellectual Property.

  • Internally Generated Cash means, with respect to any period, any cash of Borrower and its Subsidiaries generated during such period, excluding Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds and any cash that is received from an incurrence of Indebtedness, an issuance of Equity Interests or a capital contribution.

  • Program Patents has the meaning set forth in Section 7.1.2.

  • Company Patents means Patents owned by the Company or used or held for use by the Company in the Business.

  • Intellectual Property (IP) means all copyright, rights in relation to inventions (including patent rights and unpatented technologies), plant varieties, registered and unregistered trademarks (including service marks), registered designs, confidential information (including trade secrets and know-how), mask-works and integrated circuit layouts, and all other rights resulting from intellectual activity in the industrial, scientific, literary or artistic fields;