Examples of University Patent Rights in a sentence
If Company activates an Option during the relevant Option Activation Period, it shall reimburse University for all documented, out-of-pocket costs relating to the preparation, filing, prosecution and maintenance of the relevant University Patent Rights and Joint Patent Rights incurred by University prior to activation of the Option, as well as those incurred during the Option Exercise Period and Negotiation Period.
University shall be responsible, at its sole expense and discretion, for the preparation, filing, prosecution and maintenance of University Patent Rights.
This Agreement does not convey and shall not be construed to convey to LICENSEE, or any sublicensees, any right, title to or ownership in Licensed Inventions or Products, Processes or Services derived therefrom, National Textile University Patent Rights, other than that specified in this Agreement.