Background Material. 7.1 Nothing in this Agreement alters or transfers ownership in any Background Material, including any Intellectual Property Rights subsisting in Background Material. 7.2 Each party grants to each other party a non-exclusive, royalty-free licence to use its Background Material: (a) during the Term - for the purpose of carrying out the Project in accordance with this Agreement; and (b) during and after the Term - in conjunction with Project Material for purposes other than Commercialisation which are solely for research or academic purposes and only to the extent the Background Material is necessary for the other party to exercise the full benefit of the rights in the Project Material granted to it under this Agreement, BUT subject to the confidentiality obligations herein and any restrictions or obligations made known to the other party prior to that Background Material being used in the Project. 7.3 For the avoidance of doubt, no rights are given to a party to sublicense any rights in Background Material to a third party.
Appears in 2 contracts
Sources: Research Agreement (Quoin Pharmaceuticals, Ltd.), Research Agreement (Quoin Pharmaceuticals, Ltd.)