Resulting IPR definition
Examples of Resulting IPR in a sentence
Each party will immediately give written notice to the other party of any actual, threatened or suspected infringement of any party's Background IPR or Resulting IPR or any unauthorised use thereof.
Each party is free to exploit commercially the Resulting IPR in any way (including granting sub licences) in which it in its sole discretion sees fit.
Joint owners of Resulting IPR will agree in writing between them on who will be responsible for the prosecution and maintenance of all such Resulting IPR and how any benefits of the commercialisation of such Resulting IPR will be shared amongst them.
The Company will grant to Aston a non-exclusive non-assignable royalty free licence to use the Resulting IPR for academic and teaching purposes.
The provisions of Clause 10 shall apply in respect of any licence to such Resulting IPR.
In the event that the Company does not exploit any Resulting IPR Aston will have the opportunity to exploit such Resulting IPR.
Resulting IPR Means any IPR arising from and developed in the course of the Project by any of the Parties.
Aston will give the Company 6 months written notice of their intention to exploit during which time the Company will assign the said Resulting IPR to Aston.
The Company will grant Aston an irrevocable, non-exclusive, royalty free licence to use and exploit the Resulting IPR for commercial purposes.
The parties agree that all Resulting IPR generated under the Research will vest in and be owned by Aston who will be responsible for the prosecution and maintenance of such Resulting IPR.