Newly Developed IP definition

Newly Developed IP shall have the meaning set forth in Section 2.08.

Newly Developed IP means any Intellectual Property related to the Business (but not the Excluded Businesses) conceived or developed by or on behalf of the Licensor or its Affiliates after the Effective Date of this Agreement.

Newly Developed IP means IP (including in business processes and methodologies) that We develop that is not a Derivative of Our Pre- existing IP; Your Pre-existing IP or a Third Party’s Pre-existing IP.

Examples of Newly Developed IP in a sentence

• The parties hereto shall take any and all actions and execute any and all other documents reasonably necessary to perfect, confirm and record the applicable Recipient’s ownership of such Newly Developed IP as contemplated in this Section 2.08.

• Without limiting the generality of the foregoing, to the extent any Newly Developed IP would not qualify as a “work made for hire” under applicable Law, the Provider of such Newly Developed IP shall assign and transfer to the applicable Recipient, all of such Provider’s and its Affiliates’ right, title and interest in, to and under such Newly Developed IP.

• This complicated the procurement process and made it impossible to set specific deadlines for return of quotations.

• Subject to Section 4.2(b), during the Term of this Agreement, Buyer shall have the non-exclusive right of offer to license in the Territory any Newly Developed IP that is substantially ready for commercial use in oil and gas exploration and production in the Territory, including the right to obtain a license for Newly Developed IP that Licensor does not intend to make available to third parties by license, sale or otherwise.

• For 60 days following receipt of the Product Notice, Buyer shall have the option to enter into a non-exclusive license under the Newly Developed IP.

• MPs shall vote by circling either the word "in favour" or the word "against".

• All information included in the disclosures of Newly Developed IP by Licensor shall be treated as Confidential Information of Licensor.

• If, in the course of providing any Shared Service, NightHawk creates or develops any intellectual property in connection with such Shared Services for or on behalf of Elusys (“Newly Developed IP”), then, as between the Parties, such Newly Developed IP shall be solely and exclusively owned by NightHawk and Elusys hereby irrevocably assigns and transfers (and shall cause its Affiliates to assign and transfer) to NightHawk all of Elusys’s right, title and interest in, to and under such Newly Developed IP.

• Elusys shall take any and all actions and execute any and all other documents reasonably necessary to perfect, confirm and record NightHawk’ ownership of such Newly Developed IP.

• Upon termination of the Agreement, any rights to Buyer or its Affiliates in and to Newly Developed IP shall terminate as to all future Newly Developed IP.

More Definitions of Newly Developed IP

Newly Developed IP means, other than Algorand Network IP, Third Party Materials, and Awardee IP, any and all Intellectual Property that is incorporated into any Commitments and/or that is necessary to operate, support or maintain any Commitments.

Newly Developed IP means all Intellectual Property that is Developed by the Parties in connection with the New Products, including Know-How, and any feedback, improvements, modifications, enhancements to, or derivative works that are based on any feedback, recommendations, or suggestions provided by or on behalf of either Party regarding the Newly Developed IP. For the avoidance of doubt, Newly Developed IP shall not include any CLS IP or MRI IP.

Newly Developed IP means (i) all Intellectual Property that is Developed during the Term as a result of the activities conducted pursuant to the Collaboration by one or more AMS Personnel, on the one hand, and one or more MRI Personnel, on the other hand, without regard as to the relative percentage contribution of the Personnel of either Party and without regard as to whether such contributions are made at the same time or at different times and whether the contributions are made by the Personnel of each Party in the same or different physical location, or on a remote basis, and (ii) any Intellectual Property that is (1) Developed, during the Term as a result of the activities conducted pursuant to the Collaboration, by either Party’s Personnel, without contribution from the other Party’s Personnel, and (2) arises from activities conducted pursuant to the Collaboration as described in this Agreement or an applicable SOW. For the avoidance of doubt, Newly Developed IP shall not include any AMS IP or MRI IP.