Jointly Developed Technology definition
Examples of Jointly Developed Technology in a sentence
Any and all rights with respect to the ownership, pricing and exploitation of Jointly Developed Technology shall be reserved solely to Contributing Parties.
The Responsible Party shall diligently prosecute and maintain, using commercially reasonable practices, patent applications and patents with respect to Jointly Developed Technology for which it is responsible, and promptly provide the other party with copies of all relevant documentation with respect thereto.
During the term of this Agreement, each Contributing Party covenants not to use or license the Jointly Developed Technology without the prior written consent of the other Contributing Party(ies).
Promptly after such disclosure, the Committee shall meet (in person or by teleconference) to discuss such Jointly Developed Technology, including (i) whether to proceed with a patent application with respect thereto and (ii) the jurisdictions in which such patent application should be filed.
Responsibility for the prosecution and maintenance of the Jointly Developed Technology shall be determined by the Contributing Parties prior to commencement of development.