Common use of Community of Interest Clause in Contracts

Community of Interest. The parties desire to avail themselves to the maximum extent possible of all applicable legal privileges. The parties intend that information regarding the preparation, filing, prosecution and maintenance of the applications and patents within the Patent Rights (“Shared Information”) that would otherwise be subject to one or more legal privileges or protections is and shall be subject to those same privileges and protections despite the fact that it has been developed by or exchanged between or among them and/or their joint or independent counsel. The parties further intend that Shared Information is and shall be subject to the joint defense doctrine and common interest/community of interest doctrine. The parties acknowledge that the legal privileges and protections pertaining to Shared Information are held jointly by both parties, and that no individual party is authorized to waive any such privilege or protection. Further, this Agreement shall not affect the ethical, fiduciary or other obligations inherent in those attorney-client relationships other than to extend the cloak of confidentiality and privilege to the Shared Information as provided herein. Each party agrees that Shared Information obtained from the other party or developed jointly shall be used only for the preparation and prosecution of the Patent Rights and for no other purpose. Each party agrees to keep Shared Information confidential in accordance with Article 7.

Appears in 3 contracts

Samples: Exclusive License Agreement (Sage Therapeutics, Inc.), Exclusive License Agreement (Sage Therapeutics, Inc.), Exclusive License Agreement (Sage Therapeutics, Inc.)

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Community of Interest. The parties Parties desire to avail themselves to the maximum extent possible of all applicable legal privileges. The parties Parties intend that information regarding the preparation, filing, prosecution and maintenance of the applications and patents within the Patent Rights (“Shared Information”) that would otherwise be subject to one or more legal privileges or protections is and shall be subject to those same privileges and protections despite the fact that it has been developed by or exchanged between or among them and/or their joint or independent counsel. The parties Parties further intend that Shared Information is and shall be subject to the joint defense doctrine and common interest/community of interest doctrine. The parties Parties acknowledge that the legal privileges and protections pertaining to Shared Information are held jointly by both partiesall Parties, and that no individual party Party is authorized to waive any such privilege or protection. Further, this Agreement shall not affect the ethical, fiduciary or other obligations inherent in those attorney-client relationships other than to extend the cloak of confidentiality and privilege to the Shared Information as provided herein. Each party Party agrees that Shared Information obtained from the other party another Party or developed jointly shall be used only for the preparation and prosecution of the Patent Rights Licensed Patents and for no other purpose. Each party Party agrees to keep Shared Information confidential in accordance with Article 7as the Confidential Information of the other Party.

Appears in 2 contracts

Samples: Exclusive License Agreement (Sana Biotechnology, Inc.), Exclusive License Agreement (Sana Biotechnology, Inc.)

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Community of Interest. The parties Parties desire to avail themselves to the maximum extent possible of all applicable legal privileges. The parties Parties intend that information regarding the preparation, filing, prosecution and maintenance of the applications and patents within the Patent Rights (“Shared Information”) that would otherwise be subject to one or more legal privileges or protections is and shall be subject to those same privileges and protections despite the fact that it has been developed by or exchanged between or among them and/or their joint or independent counsel. The parties Parties further intend that Shared Information is and shall be subject to the joint defense doctrine and common interest/community of interest doctrine. The parties Parties acknowledge that the legal privileges and protections pertaining to Shared Information are held jointly by both partiesall Parties, and that no individual party Party is authorized to waive any such privilege or protection. Further, this Agreement shall not affect the ethical, fiduciary or other obligations inherent in those attorney-client relationships other than to extend the cloak of confidentiality and privilege to the Shared Information as provided herein. Each party Party agrees that Shared Information obtained from the other party another Party or developed jointly shall be used only for the preparation and prosecution of the Patent Rights Licensed Patents and for no other purpose. Each party Party agrees to keep Shared Information confidential in accordance with Article 7confidential, disclose Shared Information within each Party only to those individuals who have a business need to know the information and not to disclose Shared Information to any person or firm not a Party to this License Agreement.

Appears in 1 contract

Samples: Exclusive License Agreement (Auris Medical Holding Ltd.)

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