MSC Work Product definition
MSC Work Product shall have the meaning set forth in Section 7.2 (b).
MSC Work Product shall have the meaning set forth in Section 7.2 (b). 26 1.17 “Party” or “Parties” means, subject to Section 2, either MSC or MPM individually, or both MSC and MPM, as the text would warrant. 1.18 “Person” means any individual, corporation, partnership, association, trust, governmental authority or other entity or organization. 1.20 “Previously Commercialized Party” shall have the meaning set forth in Section 1.21. 1.21 “Prior End-Use Work Product” means (i) Hybrid Product or (ii) the use of any products, materials, formulations and the like that are made from or include any Hybrid Product, in each case that can be used in an end-use application that has been commercially exploited by one Party and/or a Party's Affiliate (but not both of the Parties including their respective Affiliates) prior to the Effective Date. The Party (including their respective Affiliates) who has previously commercialized such end-use application will be referred to as “Previously Commercialized Party”. 1.22 “Purpose” shall have the meaning set forth in Section 2. 1.23 “Royalty Obligations” means payment obligations, whether as up-front payments, royalties, license maintenance fees, milestone payments or any other consideration, for any royalty-bearing license granted in this Agreement that has been reasonably negotiated by the Parties through arm's-length good faith negotiation and agreement through the Steering Committee as provided in Section 7.
Examples of MSC Work Product in a sentence
All of the foregoing in (i) through (v) shall be referred to as “MSC Work Product.” MPM hereby assigns to MSC the entire right, title and interest in and to the MSC Work Product, including without limit, any Inventions and Intellectual Property Rights derived from the Development Program Technology associated with or applicable to such MPM Work Product.