Common use of Assignment of Product-Related Intellectual Property Clause in Contracts

Assignment of Product-Related Intellectual Property. Hovione hereby assigns to Client all of the right, title and interest of Hovione in and to the Product-Related Improvements. Hovione agrees to assist Client in securing for Client any patents, copyrights or other proprietary rights in Product-Related Know-How, and agrees to take such actions and execute such documents as Client may reasonably request in connection with providing such assistance or otherwise to vest in Client all right, title and interest in Product-Related Improvements. Hovione will be compensated for all of its reasonable out-of-pocket costs and expenses associated with such requested assistance. To the extent Product-Related Improvements cannot be assigned to Client under this Section, Hovione grants to Client and its Affiliates an exclusive perpetual, irrevocable, transferable, fully paid-up, worldwide license, with the right to grant sublicenses, under such Product-Related Improvements for any and all purposes.

Appears in 2 contracts

Sources: Process Development and Manufacturing Services Agreement (TESARO, Inc.), Process Development and Manufacturing Services Agreement (TESARO, Inc.)