Industrial Party definition
Examples of Industrial Party in a sentence
Any license agreement shall contain the following minimal conditions: the Industrial Party shall pay the Research Organization a fair market price in respect of access to the RO Foreground.
The Option shall be deemed to be declined if the Industrial Party has not informed the Coordinator within the aforesaid Option term.
If the Research Organization and/or the Industrial Party are joint owners of Foreground the owning Parties shall discuss which Party will be in the lead of patent prosecution and how the associated costs will be shared.
As to [Industrial Party], it is agreed between the Parties that, to the best of their knowledge (please choose) Option 1: The following Background is hereby identified and agreed upon for the Project.
Specific limitations and/or conditions, shall be as mentioned hereunder: Describe Background Specific limitations and/or conditions for implementation of the Project; Specific limitations and/or conditions for exploitation of the Foreground Option 2: No Background of [Industrial Party X] shall be needed by another Party for implementation of the Project or exploitation of that other Party’s Foreground.
Subject to clause 8.5, the Industrial Party may exercise the Option at any time within three (3) months after the date of disclosure by the Coordinator of such RO Foreground, after which period the Option will lapse.
In the event of Foreground generated by the Research Organization (“RO Foreground”), the Research Organization shall grant the Industrial Party, if the Industrial Party has contributed substantially to the Research Organization’s activities under the Project, an option to negotiate an exclusive license to such RO Foreground (the “Option”).
Each Industrial Party hereby grants, which the Research Organization(s) hereby accept, the Research Organization(s) a worldwide, perpetual, royalty-free and non-exclusive license for the use of such Industrial Party’s Foreground for non-commercial research and educational purposes.
If the Principal Investigator, the Research Organization or the Industrial Party do not comply with any of its obligations under the PPP Allowance Regulation and/or the terms and conditions of this Agreement, the PPP Allowance may be reduced by Toeslagverstrekker.
On behalf of AMC Medical Research B.V. Place Amsterdam Date ……………………………… Signature ……………………………… Name J.J. Brand Position CFO Read and acknowledged by: Principal Investigator Signature ……………………………… Name ……………………………… On behalf of Industrial Party Place Date …………………………..