Reversion IP definition

Reversion IP has the meaning set forth in Section 10.7(c)(ix).

Reversion IP means any Patents or Know-How Controlled by Regeneron or any its Affiliates as of the date of notice of termination that [***] For purposes hereof, “Reversion Products” shall mean [***].

Reversion IP means any Baxalta Patents, Baxalta Know-How and Joint Patents that (a) come to be Controlled by Baxalta or any of its Affiliates at any time during the Term as a result of activities in connection with this Agreement, (b) are in existence as of the date of termination of this Agreement (in whole or in part) by Precision pursuant to Section 14.2.1, Section 14.2.2 or Section 14.2.3, by Baxalta in accordance with Section 14.2.1 (for any reason other than for the events described in Section 14.3.2(a)), or by Baxalta pursuant to Section 14.2.5 and (c) are reasonably necessary or useful in connection with the Development, manufacture, use or Commercialization of Reversion Products in the Territory.

Examples of Reversion IP in a sentence

• Such license will be exclusive (even as to Baxalta and its Affiliates) or non-exclusive, on a Patent-by-Patent basis, based on Precision’s election made in a written notice to Baxalta with respect to each of the Patents included in the Reversion IP (“Reversion Patents”).

• The Reversion License shall be (i) exclusive (even as to Regeneron) with respect to all Reversion IP [***], and (ii) non-exclusive with respect to all other Reversion IP [***].

• Baxalta agrees to grant and hereby grants to Precision and its Affiliates, effective upon such termination, a royalty-bearing, worldwide, transferrable (solely in connection with a transfer of the rights related to the applicable Reversion Product), irrevocable license (with the right to grant sublicenses through multiple tiers) under the Reversion IP to make, have made, use, sell, offer for sale, import and otherwise Develop and Commercialize Reversion Products in the Field in the Territory.

• Additionally, the Parties agree that FemPharm's right to negotiate under Section 2.3(b) toward a license under the Reversion IP as set forth in Section 14.5(a)(ii) above includes the right to negotiate toward rights to access, use and cross-reference such Regulatory Materials for countries outside the Territory, New Zealand, and Australia.

• Upon such termination, Vivus will be deemed automatically to grant to FemPharm a perpetual, irrevocable, royalty-free, fully paid, non-exclusive license (with full rights to sublicense): (A) under the Improvement Blocking Patent Rights to exploit, import, make, have made, use, offer for sale and sell Products in the Field throughout the Territory; and (B) under the Reversion IP to exploit, import, make, have made, use, offer for sale and sell Products in the Field in the Territory.

More Definitions of Reversion IP

Reversion IP means any patent rights or Know-How Controlled by FBIO or any its Affiliates or Sublicensees that claim or cover any Licensed Compounds or Licensed Products (subject to the last sentence of this Section 10.7(c)(ix)), or their method of manufacture or use, as such patent rights or Know-How exist as of the date of notice of termination (including any other patent right that claims priority, directly or indirectly, to any such patent right, no matter when any such other patent right is filed or issued). Notwithstanding anything to the contrary herein, in no event will any product owned or Controlled by FBIO or its Affiliates or Sublicensees (other than, for clarity, any Licensed Compounds or Licensed Products (i.e., excluding Combination Products)) be included or subject to the license set forth in this Section 10.7(c)(ix).

Reversion IP means any Patents and Know-How that are Controlled by Gilead or any of its Affiliates as of the date of termination of this Agreement (in whole or in part, and including, for clarity, Patents filed or issued at any later date covering or claiming applicable inventions conceived on or prior to such date) that are necessary for Precision to continue the Development, Manufacture, use or Exploitation of Licensed Products in the form existing as of the date of termination of this Agreement (and including any Regulatory Authority-required modifications made thereto after such date), excluding any Patent or Know-How that covers or claims, or in the case of Know-How, relates specifically to, (i) any Active Component of any Licensed Product that is not a Gilead ARC Nuclease or (ii) any use of a Gilead ARC Nuclease in combination with any such other Active Component of such Licensed Product.

Reversion IP means, with respect to any Reversion Compound or Reversion Product, any Patents or Information that (a) claim or cover such Reversion Compound or Reversion Product or its method of manufacture or use as of the date of notice of termination, (b) are Controlled by Anchiano or any of its Affiliates, and (c) were used or are being used by Anchiano or any of its Affiliates to Exploit the applicable Compound or Product prior to or as of the date of notice of termination; provided, however, Reversion IP shall not include Licensed IP.

Reversion IP has the meaning given in Clause 33.2(d).

Reversion IP means all trade secrets in the Improvements to the extent Controlled by Vivus or its Controlled

Reversion IP means any Baxalta Patents, Baxalta Know-How and Joint Patents that (a) come to be Controlled by Baxalta or any of its Affiliates at any time during the Term as a result of activities in connection with this Agreement, (b) are in existence as of the date of termination of this Agreement (in whole or in part) by Precision pursuant to S ection 14.2.1, S ection 14.2.2 or S ection 14.2.3, by Baxalta in accordance with S ection 14.2.1 (for any reason other than for the events described in S ection 14.3.2(a)), or by Baxalta pursuant to S ection 14.2.5 and (c) are reasonably necessary or useful in connection with the Development, manufacture, use or Commercialization of Reversion Products in the Territory.

Reversion IP means all trade secrets in the Improvements to the extent Controlled by Vivus or its Controlled Affiliate during the term and necessary or reasonably useful for the development, manufacture or commercialization of Products in the Field. Additionally, FemPharm shall have the right under Section 2.3(b) to negotiate toward a non-exclusive license under the Reversion IP for countries outside of the Territory, New Zealand, and Australia, provided that such license shall be royalty free if this Agreement has been terminated by FemPharm under Section 14.2(a) for Vivus' material breach.