Examples of Joint Arising IP in a sentence
As between the Parties, each Party shall own an equal, undivided interest in any Joint Arising IP.
UMB will report promptly to Sponsor in writing all UMB Arising IP or Joint Arising IP that is disclosed to UMB’s Office of Technology Transfer or its successor during the term of this Agreement.
Heritage Farm’s 39 acres are diverse, producing mixed vegetables, fruits, poultry, and dairy.
Upon any termination or expiration of this Agreement, and in case GSK has not exercised its Option, each Party and their Affiliates shall have the right to practice its interest in the Joint Arising IP in or outside the Field, without any requirement of gaining the consent of, or accounting to, the other Party other than as required pursuant to provisions otherwise included in this Agreement.
UMB hereby grants to Sponsor an option to negotiate and obtain an exclusive license to any UMB Arising IP and UMB’s rights in any Joint Arising IP (the “ Option”), provided that there are no uncured defaults or material breaches by Sponsor of this Agreement.