Lead Owning Party definition

Lead Owning Party means the Party specified in the JOMA as the Party who has agreed to take the lead in relation to Commercialisation of the Foreground IP;
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Examples of Lead Owning Party in a sentence

  • Such JOMA shall specify one of the Owning Parties as the Lead Owning Party for the purpose of Commercialisation of the jointly owned Foreground IP.

  • If any Party wishes to exercise an Option, it shall notify the Owning Party or Lead Owning Party, as appropriate, in writing within the applicable Option Period.

  • On receipt of the notification to exercise the Option, the Owning Party or Lead Owning Party and the Party in question shall negotiate in good faith, with the aim of concluding a Licence during the Negotiation Period.

Related to Lead Owning Party

  • Managing Party has the meaning set forth in Section 6.11(e).

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • Designating Party means the Party or non-party that designates Documents, Testimony, or Information as Confidential Material.

  • Billing Party means the Party rendering a bill.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”