Common use of HPC Technology Clause in Contracts

HPC Technology. 16.1.1. Seller shall own all right, title, and interest in and to the HPC Technology and HPC Derivatives. 16.1.2. Buyer hereby agrees to assign to Seller, all of Buyer’s right, title and interest in and to any HPC Technology and PC Technology and HPC Derivatives that are developed during the term of this Contract. 16.1.3. All Intellectual Property Rights and Know-How rights arising out of the sole activities of Buyer’s personnel conducted for Buyer’s customers or for Buyer’s internal development programs with the use of Dry Combinatorial R&D Platform shall be owned by Buyer. 16.1.4. All Intellectual Property Rights and Know-How rights arising out of the sole activities of Seller’s personnel conducted for Seller’s customers or for Seller’s internal development programs with the use of Dry Combinatorial R&D Platform shall be owned by Seller. 16.1.5. All Intellectual Property Rights and Know-How rights arising out of the joint activities of Seller’s personnel and Buyer’s personnel with the use of Dry Combinatorial R&D Platform shall be jointly owned by Buyer and Seller.

HPC Technology. 16.1.1. Seller shall own all right, title, and interest in and to the HPC Technology and HPC Derivatives. 16.1.2. Buyer hereby agrees to assign to Seller, all of Buyer’s right, title and interest in and to any HPC Technology and PC Technology and HPC Derivatives that are developed during the term of this Contract. 16.1.3. All Intellectual Property Rights and Know-How rights arising out of the sole activities of Buyer’s personnel conducted for Buyer’s customers or for Buyer’s internal development programs with the use of Dry Wet Combinatorial R&D Platform shall be owned by Buyer. 16.1.4. All Intellectual Property Rights and Know-How rights arising out of the sole activities of Seller’s personnel conducted for Seller’s customers or for Seller’s internal development programs with the use of Dry Wet Combinatorial R&D Platform shall be owned by Seller. 16.1.5. All Intellectual Property Rights and Know-How rights arising out of the joint activities of Seller’s personnel and Buyer’s personnel with the use of Dry Wet Combinatorial R&D Platform shall be jointly owned by Buyer and Seller.