Common use of Foreground Intellectual Property Clause in Contracts

Foreground Intellectual Property. Taking into account MATECH and e-R’s Background Intellectual Property Rights, the Parties do not anticipate the creation of substantial Foreground Intellectual Property during the term of this Agreement. If at anytime MATECH feels that Foreground Intellectual Property is being created, MATECH shall notify e-R of such development. All Foreground Intellectual Property shall be wholly owned by e-R. e-R grants to MATECH a non-exclusive, non-assignable royalty free license to use the Foreground Intellectual Property subject to e-R approval and review to ensure that the proposed use does not conflict or compete with any of e-R’s current or future applications of its Intellectual Property Rights, such approval not to be unreasonably withheld.