Common use of Intellectual Property Ownership and Protection Clause in Contracts

Intellectual Property Ownership and Protection. 7.1 Principal Investigator shall provide to University and Sponsor a complete written disclosure of any University Intellectual Property or Joint Intellectual Property conceived and/or made during the Agreement Term in performance of the Project. Sponsor shall advise University in writing, no later than thirty (30) days after receipt of such disclosure, whether it requests University to file and prosecute a patent, copyright, or other intellectual property application related to such University Intellectual Property or Joint Intellectual Property. If Sponsor does not request University to file and prosecute such patent applications (or decides not to continue with prosecution or maintenance of applications), University may proceed (or continue) with such preparation and prosecution at its own cost and expense; but such patent applications shall be excluded from Sponsor’s option under Article 8.

Intellectual Property Ownership and Protection. 7.1 8.1 Principal Investigator shall provide to University and Sponsor a complete written disclosure of any University Intellectual Property or Joint Intellectual Property conceived and/or made during the Agreement Term in performance of the Project. Sponsor shall advise University in writing, no later than thirty (30) days after receipt of such disclosure, whether it requests University to file and prosecute a patent, copyright, or other intellectual property application related to such University Intellectual Property or Joint Intellectual Property. If Sponsor does not request University to file and prosecute such patent applications (or decides not to continue with prosecution or maintenance of applications), University may proceed (or continue) with such preparation and prosecution at its own cost and expense; but such patent applications shall be excluded from Sponsor’s option under Article 89.