Sponsored Research Program definition
Examples of Sponsored Research Program in a sentence
The Sponsored Research Program Agreement contains certain terms relating to the license of intellectual property rights arising out of the program.
To further the objectives of the parties and to coordinate the research activities conducted pursuant to the Sponsored Research Program, the parties shall establish a Research Oversight Committee ("ROC").
It holds all necessary right, title and interest in and to its respective Background Inventions and technology to permit it to undertake the Sponsored Research Program contemplated by this Agreement without subjecting the other party hereto to liability for infringement of any patent, copyright or trade secret of any third party.
After the first year, Nanogen shall have the right, upon ninety (90) days written notice, to terminate this Agreement, including the obligation to further fund the Sponsored Research Program, without cause and at its sole discretion should it decide to do so.
If, within the first nine (9) months of the Sponsored Research Program, Nanogen wishes to terminate funding based upon a claim that the Technical Milestones have not been achieved, the matter shall be presented to the ROC for consideration.
Upon the prior approval of Nanogen, which approval shall not be unreasonably withheld, Prolinx may change the composition of the dedicated team from time to time in its reasonable discretion to achieve the needs of the Sponsored Research Program.
The purposes of the ROC shall be to supervise and coordinate the Sponsored Research Program and to provide a mechanism for exchanging information, modifying the Research Plan (as described in Section 6.5 hereof), monitoring progress on achieving Technical Milestones set forth in the Research Plan and reviewing the overall progress of the Sponsored Research Program.
The parties agree that the cost of the Sponsored Research Program shall be funded as follows: the cost of the Detection Reagent Research Program shall be funded solely by Nanogen, the cost of the Amplimer Research Program shall be funded jointly by Nanogen and Prolinx, and the cost of the Immobilization and Capture Program shall be funded solely by Prolinx.
Prolinx shall use its best efforts to execute the Research Plan and to achieve the overall goals of the Sponsored Research Program.
Research under the Sponsored Research Program shall be conducted pursuant to a research plan (the "Research Plan"), which shall be modified annually under the oversight of the Research Project Coordinator pursuant to the agreement of the ROC, or by either party at any time with the consent of the ROC.