Examples of Independently Developed Intellectual Property in a sentence
Each Party is and remains the owner of its Background Intellectual Property and its Independently Developed Intellectual Property, and the Parties understand and agree that, except as specifically set forth in this Agreement, no license or other rights, either express or implied, are granted by either Party to the other under this Agreement with respect to any Background Intellectual Property or Independently Developed Intellectual Property.
Each Party shall notify the other promptly of the issuance or extension of any patents within such Party’s Present Intellectual Property or Independently Developed Intellectual Property.
Except as otherwise expressly provided in this Agreement, neither Party shall have any license or other right to use the Present Intellectual Property or Independently Developed Intellectual Property of the other Party.
Independently Developed Intellectual Property: Any Intellectual Property developed under this Agreement solely by one Party, without the panicipation of the other Party, is and will remain the sole and exclusive property of the developing Party.
Each of CONMED and MTF shall have the right, in its sole discretion and at its own expense, to control the preparation, prosecution, and maintenance of patent applications and patents covering its Present Intellectual Property and Independently Developed Intellectual Property and to select all patent counsel or other professionals to advise, represent or act for it in all matters relating to such patent applications and patents.
Thereafter, MTF may prepare, prosecute or maintain the involved patent application or patent in such country, at its sole expense, and the involved patent application or patent shall be deemed to be Independently Developed Intellectual Property of MTF; provided, however, that in such case, CONMED shall cooperate and provide reasonable assistance to MTF to facilitate patenting or patent maintenance.
Except for the rights expressly granted in this Agreement, CONMED shall retain all rights in CONMED Present Intellectual Property and CONMED Independently Developed Intellectual Property, and MTF shall retain all rights in MTF’s Present Intellectual Property and MTF’s Independently Developed Intellectual Property.
Independently Developed Intellectual Property: Any Intellectual Property developed under this Agreement solely by one Party, without the participation of the other Party, is and will remain the sole and exclusive property of the developing Party.