All Joint Collaboration Technology Clause Samples
The "All Joint Collaboration Technology" clause defines the ownership and usage rights of any technology, inventions, or intellectual property that are developed jointly by the parties during the course of their collaboration. Typically, this clause specifies that any such jointly created technology will be co-owned by both parties, or it may outline how rights and responsibilities are shared, such as granting each party the ability to use or further develop the technology independently. The core function of this clause is to prevent disputes over ownership and usage of collaborative outputs, ensuring both parties have clear and agreed-upon rights to the results of their joint efforts.
All Joint Collaboration Technology. All right, title and interest in and to (i) the Joint Collaboration Patents, and (ii) the Joint Collaboration Know-How shall be jointly owned by the Parties. Biogen Idec shall assign and hereby assigns to Sunesis a joint ownership interest in and to the Joint Collaboration Patents and the Joint Collaboration Know-How. Sunesis shall assign and hereby assigns to Biogen Idec a joint ownership interest in and to the Joint Collaboration Patents and the Joint Collaboration Know-How. Except as expressly provided in this Agreement, neither Party shall have any obligation to account to the other for profits, or to obtain any approval of the other Party to license, exploit or enforce the Joint Collaboration Technology, by reason of joint ownership thereof, and each Party hereby waives any right it may have under the laws of any jurisdiction to require any accounting or consent related thereto. It is understood and agreed that all Joint Collaboration Technology that is jointly owned pursuant to this Section 10.1.1(e) shall be subject to the licenses granted under Article 6.