Examples of Jointly Developed IP in a sentence
In the event T2 Bio does not file an initial patent application on an Invention included in the Jointly Developed IP, Allergan may proceed with filing and prosecution at its own expense.
If any such Inventions are Jointly Developed IP, each Party shall have the right to use, license and exploit such Jointly Developed IP, subject to Section 5, without the consent of, or accounting to, the other Party.
If either Party should become aware of any actual or threatened infringement or misappropriation by a Third Party of any Intellectual Property Rights in the Jointly Developed IP (a “Joint IP Infringement”), it shall promptly notify the other Party in writing, and provide any available information relating to such alleged Joint IP Infringement.
Subject to Sections 8.2.2 and 8.2.3, each Party shall have a righ t of first refusal with respect to the other Party's interest in the Jointly Developed IP should the other Party seek to transfer, convey and/or assign such interest.
PROSECUTION AND ENFORCEMENT 5.1 Patent Prosecution for Jointly Developed IP.