Examples of Joint Project Intellectual Property in a sentence
Within this thirty (30) day period, the Sponsor may request the University to delay release of such proposed publication for a maximum of an additional thirty (30) days in order to protect Sponsor Project Intellectual Property or Joint Project Intellectual Property as defined in Article 9, or any Sponsor Confidential Information described therein.
Sponsor shall bear all expenses associated with the preparation, filing, prosecution, and maintenance of any domestic and international patent rights for Joint Project Intellectual Property as follows: (i) fifty percent (50%) if Sponsor does not elect an exclusive license (unless a patent application was filed at the request of Sponsor, in which case Sponsor will pay one hundred percent (100%) of all such expenses); and (ii) one hundred percent (100%) if Sponsor elects an exclusive license.
To the extent any University Project Intellectual Property or Joint Project Intellectual Property includes any open source software or is subject to the terms of any open source software license, the licenses set forth above will be subject to any relevant open source licensing terms.
All rights of Sponsor under this Article 9 are subject to a non-exclusive, perpetual, royalty-free, worldwide license in favor of the University to Sponsor Project Intellectual Property, University Project Intellectual Property and Joint Project Intellectual Property for the University’s teaching, research and educational purposes.
If Sponsor does not exercise its option, or the University and Sponsor fail to execute a license, under this Section within the designated time periods above, University shall be free to license any University Project Intellectual Property or its interest in any Joint Project Intellectual Property to third parties.