Common use of Exploitation of Intellectual Property Clause in Contracts

Exploitation of Intellectual Property. 1) The Contractor shall inform The Principal of any Results which are capable of exploitation whether patentable or not. 2) The Contractor decides freely to what extent the Results, when possible, should be protected by patents or other intellectual property protection that requires registration. The Contractor is responsible for all costs for registration and bears the risk that such registration is not granted. The Principal and others that have the right to use the result as mentioned above shall not be liable for any loss of rights for the Contractor as a result of its use of the Result. 3) Consistent with the good management of Foreground Intellectual Property and the agreement of the Principal, the Contractor shall use its best endeavours to: a) promote the dissemination of the Results of the Project; and b) where reasonable and practicable, exploit commercially such Results to generate either capital or revenue or both. 4) The Contractor may exploit commercially the Results arising from the Project. 5) If, within two years of its creation, the Results have not been commercially exploited by the Contractor (and/or any potential subcontractors) the Contractor (and any potential subcontractors), or used by the Contractor against good faith or against the law, shall at the first request of the Principal hand over the Intellectual Property rights the Contractors V-Con Solution for free to The State of The Netherlands, including Rijkswaterstaat and all other Dutch State Departments and agencies, the Swedish government, including Trafikverket and all other Swedish government departments and agencies.

Exploitation of Intellectual Property. 1) The Contractor shall inform The the Principal of any Results which are capable of exploitation whether patentable or not. 2) The Contractor decides freely to what extent the Results, when possible, should be protected by patents or other intellectual property protection that requires registration. The Contractor is responsible for all costs for registration and bears the risk that such registration is not granted. The Principal and others that have the right to use the result as mentioned above shall not be liable for any loss of rights for the Contractor as a result of its use of the Result. 3) Consistent with the good management of Foreground Intellectual Property and the agreement of the Principal, the Contractor shall use its best endeavours endeavors to: a) promote the dissemination of the Results of the Project; and b) where reasonable and practicable, exploit commercially such Results to generate either capital or revenue or both. 4) The Contractor may exploit commercially the Results arising from the Project. 5) If, within two three years of its creation, the Results have not been commercially exploited by the Contractor (and/or any potential subcontractors) the Contractor (and any potential subcontractors), or used by the Contractor against good faith or against the law, shall at the first request of the Principal hand over the Intellectual Property rights of the Contractors V-V- Con Solution for free over to The State of The Netherlands, including Rijkswaterstaat and all other Dutch State Departments and agencies, the Swedish government, State of Sweden including Trafikverket and all other Swedish government departments State Departments and agencies.