Common use of Developed Technology Clause in Contracts

Developed Technology. 5.1 All Developed Technology shall be owned solely by UDC, and PPG hereby assigns and transfers any and all right, title and interest it may have in and to such Developed Technology to UDC. Upon UDC's request, PPG shall execute and deliver to UDC all instruments and other documents, and shall take such other actions as may be reasonably necessary so that UDC may protect and defend its rights in and to the Developed Technology. Except as expressly stated herein or in the Supply Agreement, UDC shall have no obligation of accounting to PPG with respect to any Developed Technology. Except as stated elsewhere in this Agreement, UDC shall bear all costs associated with patenting and protecting the Developed Technology. 5.2 PPG shall direct the Development Team to disclose to UDC all Developed Technology, by periodically providing copies of laboratory notebooks at a reasonable frequency requested by UDC, or by such other means as the parties may agree upon in writing.

Appears in 2 contracts

Sources: Development and License Agreement (Universal Display Corp \Pa\), Development and License Agreement (Universal Display Corp \Pa\)