Examples of Study Invention in a sentence
All Study Data and Study Inventions shall be the Confidential Information of the Party owning such Study Data or Study Invention (as provided in Section 7.2 with regard to Study Data and Section 6.2 with regard to Study Inventions).
All Study Data and Study Inventions shall be the Confidential Information of the Party owning such Study Data or Study Invention (as provided in Section 8.2 with regard to Study Data and Section 6.1 with regard to Study Inventions).
If such license is not agreed upon within the Negotiation Period, neither Party shall have any further obligation to the other with respect to such Study Invention other than the nonexclusive license granted to Company in accordance with clause (i) above.
Paragraph 5 – The members of the Fiscal Council shall exercise their office based on loyalty, care and information duties provided for in the law and regulations.
Company will advise Institution in writing within sixty (60) days of Institution’s disclosure of each Study Invention whether or not Company wishes to secure a commercial license (“Election Period”).
In the event it is necessary in the opinion of Institution to file any patent application to protect a Study Invention during the Election or Negotiation Period, Company will reimburse Institution for any incurred patent costs during such period, provided that Company is continuing to pursue negotiation of a commercial license at that time.
Also, to the extent legally able, Institution shall grant Company a time-limited first right to negotiate an exclusive, worldwide license to Institution’s rights in any Study Invention on commercially reasonable terms and conditions agreed between the Parties in advance and in good faith.
Institution shall grant to Company (i) a worldwide, royalty-free, fully paid, nonexclusive, perpetual license to use all Study Inventions for non-commercial purposes; and (ii) a time-limited first right to negotiate an exclusive or non-exclusive commercial (at Company’s election) license to Institution’s rights in any Study Invention as set forth below.
Notwithstanding any other provision of this Agreement to the contrary, neither Party shall file any patent application claiming: (i) both a BMS Study Invention and a Recipient Study Invention; (ii) both a BMS Study Invention and a Combined Therapy Invention; or (iii) both a Recipient Study Invention and a Combined Therapy Invention; in each case, without the prior written consent of the other Party, which the other Party may withhold in its sole discretion.
Company will advise Institution in writing within ninety (90) days of Institution’s written notification to the Company of a disclosure of Study Invention whether or not it wishes to secure an exclusive commercial license (“Election Period”).