Common use of Access to Improvements Clause in Contracts

Access to Improvements. For a period of [**] from the Effective Date, 3DP, at no additional cost, will promptly make full written disclosure to BMS of any and all Improvements that 3DP conceives or makes or has made to the 3DP PERT and to any Improvements thereto, and/or which 3DP has the right to provide hereunder, and 3DP will facilitate the transfer of such Improvements to BMS. Such transfer shall occur no later than six (6) months after such Improvements have been validated by 3DP. If BMS desires to acquire a license to any such Improvement from 3DP for commercial applications beyond the scope of the license granted in Section 2.1, the Parties will negotiate in good faith the terms under which 3DP may grant such license for such Improvement to BMS.

Appears in 2 contracts

Sources: Drug Discovery Collaboration Agreement (3 Dimensional Pharmaceuticals Inc), Internal Use License and Option Agreement (3 Dimensional Pharmaceuticals Inc)