Ownership of Intellectual Property definition

Ownership of Intellectual Property. With regard to Intellectual Property conceived or arising: (i) in conducting Phase I, Phase II, or Phase III; or (ii) after the Effective Date and prior to the conclusion of the term of any such Phase, by any party relating to Licensed Products or AHPP: (a) Any Intellectual Property (including Improvements to the AHPP) Conceived and Developed by both of the parties hereto shall be owned jointly by Altair and Western ("Joint Intellectual Property"). Except as otherwise provided below, each party shall have the royalty free and unrestricted right to utilise and license such Joint Intellectual Property and to make, have made, use, sell, offer for sale, or distribute products or services under such Joint Intellectual Property. Neither party shall, however, have any right to otherwise license any Joint Intellectual Property until it provides written notice to the other party of its intent to do so. 11 (b) Notwithstanding the provisions of Subsection 6.1(a) or any other provision of this Agreement, Altair shall not have the right to license or disclose any Joint Intellectual Property to any third party with whom Altair has a confidentiality agreement, license agreement or other agreement (a "Third Party Agreement") if the terms of such Third Party Agreement prevent Altair from licensing any Intellectual Property or Improvements Conceived or Developed under such Third Party Agreement to Western. (c) In the event that one party (the "Filing Party") chooses to file for a patent on any Joint Intellectual Property, such party shall advise the other party (the "Non-Filing Party") in writing. The Non-Filing Party then shall advise the Filing Party in writing within thirty days if the Non-Filing Party agrees to share the cost of the patent prosecution 50/50. In the event that the Non-Filing Party does not provide the Filing Party with such written notice of agreement to so share the cost of patent prosecution, the Filing Party may proceed with the patent prosecution at its own expense and shall thereafter be the sole owner of any resulting patent(s). Any such resulting patent(s) shall be Solely Owned Intellectual Property as set forth below and in the event that any such resulting patent(s) are not deemed to be solely and exclusively owned by the Filing Party for any reason, the Non-Filing Party hereby assigns, transfers and conveys to the Filing Party all of its right, title and interest in and to such resulting patent(s). The Non-Filing Party further agrees to assist ...
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Related to Ownership of Intellectual Property

  • Intellectual Property the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, know-how and processes, and all rights to xxx at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom.

  • Licensed Intellectual Property means all Intellectual Property in which the Company holds any rights or interests granted by other Persons, including Seller or any of its Affiliates.

  • Registered Intellectual Property Rights means all Intellectual Property Rights that are the subject of an application, certificate, filing, registration, or other document issued by, filed with, or recorded by, any Governmental Authority in any jurisdiction.

  • New Intellectual Property means any Intellectual Property that arises out of, or is created in the course of, the performance of the Contract.

  • Intellectual Property Right means any patent, trade mark, service mark, copyright, moral right, right in a design, know-how and any other intellectual or industrial property rights, anywhere in the world whether or not registered.

  • Registered Intellectual Property means all Intellectual Property that is the subject of an application, certificate, filing, registration or other document issued, filed with, or recorded by any private, state, government or other legal authority.

  • Licensed Intellectual Property Rights means any Intellectual Property Rights owned by a third party that a Person has a right to use, exploit or practice by virtue of a license grant, immunity from Legal Action or otherwise.

  • Intellectual Property Rights (IPR) (11/18) means any patent rights, copyrights, trade secrets, trade names, service marks, trademarks, trade dress, moral rights, know-how and any other similar rights or intangible assets to which rights of ownership accrue, and all registrations, applications, disclosures, renewals, extensions, continuations, or reissues of the foregoing now or hereafter in force. “Key Personnel” (11/18) means the specific individuals identified in Section 3.11 to fill Key Positions.

  • Owned Intellectual Property Rights means all Intellectual Property Rights owned or purported to be owned by the Company or any of its Subsidiaries.

  • Owned Intellectual Property means all Intellectual Property owned or purported to be owned by the Company or any of its Subsidiaries.

  • Company Intellectual Property Rights means the Intellectual Property owned or used by the Company or any Company Subsidiary.

  • Owned Company Intellectual Property means that portion of the Company Intellectual Property and Company Intellectual Property Rights that is owned by the Company Entities.

  • Registered Company Intellectual Property means all patents, patent applications, registered copyrights, applications to register copyrights, registered marks (including trademarks, service marks, and trade dress, to the extent registered), applications to register marks and registered domain names that are owned by the Company or any of its Subsidiaries.

  • Background Intellectual Property means all Intellectual Property introduced and required by either Party to give effect to their obligations under this Agreement owned in whole or in part by or licensed to either Party or their affiliates prior to the Commencement Date or developed after the Commencement Date otherwise pursuant to this Agreement;

  • Transferred Intellectual Property Rights means (a) the Transferred Patents, (b) the Transferred Copyrights, (c) the Transferred Internet Properties, (d) the Transferred Industrial Designs, (e) The Transferred Database Rights,(f) the Transferred Mask Work Rights, (g) the Transferred Trade Secrets, and (h) the Transferred Trademarks.

  • Intellectual Property Rights shall have the meaning ascribed to such term in Section 3.1(p).

  • Company Intellectual Property means all Intellectual Property that is owned or held for use by the Company.

  • Background Intellectual Property Rights means all Intellectual Property Rights owned, controlled, obtained, or licensed by a Party at any time prior to or after the term of this Agreement, or arising from development of Technology created independently of this Agreement.

  • Intellectual Property License means any license, permit, authorization, approval, contract or consent granted, issued by or with any Person relating to the use of Intellectual Property.

  • Company Licensed Intellectual Property means Intellectual Property Rights owned by any Person (other than a Group Company) that is licensed to any Group Company.

  • Foreground Intellectual Property means all Intellectual Property developed by either Party pursuant to this Agreement;

  • Business Intellectual Property Rights means (a) the Intellectual Property Rights owned or licensed by the Group Companies and (b) any other Intellectual Property Rights owned or licensed by Seller or any of its other Subsidiaries and used solely in the conduct of the Business.

  • Intellectual Property Licenses means (i) any grant by the Company to another Person of any right, permission, consent or non-assertion relating to or under any of the Purchased Intellectual Property and (ii) any grant by another Person to the Company of any right, permission, consent or non-assertion relating to or under any third Person’s Intellectual Property.

  • Third Party Intellectual Property Rights means any Intellectual Property owned by a third party.

  • Pre-Existing Intellectual Property Rights means any Intellectual Property Rights vested in or licensed to the Client or the Contractor prior to or independently of the performance by the Client of the Contractor of their obligations under this Contract.

  • Intellectual Property Rights or IPR means copyright, rights related to or affording protection similar to copyright, rights in databases, patents and rights in inventions, semi-conductor topography rights, trade marks, rights in internet domain names and website addresses and other rights in trade or business names, designs, Know-How, trade secrets and other rights in Confidential Information; applications for registration, and the right to apply for registration, for any of the rights listed at (a) that are capable of being registered in any country or jurisdiction; and all other rights having equivalent or similar effect in any country or jurisdiction;