Common use of Grantback Clause in Contracts

Grantback. Licensee agrees that any changes, improvements, or modifications in the method, apparatus, equipment, and/or process which Licensee makes or has made shall belong exclusively to ▇▇▇▇▇▇▇, and that ▇▇▇▇▇▇▇ has full rights to patent, incorporate and utilize such changes or improvements into the ▇▇▇▇▇▇▇ Horizontal Technology.

Appears in 2 contracts

Sources: License Agreement (Verdisys Inc), License Agreement (Verdisys Inc)