Inventions Access to Improvements Patents Sample Clauses
The "Inventions; Access to Improvements; Patents" clause defines how inventions, improvements, and patent rights developed during the course of an agreement are handled between the parties. Typically, it outlines ownership of new inventions, the process for disclosing improvements, and the rights each party has to use or license resulting patents. For example, it may specify that inventions made by one party using the other party’s confidential information are jointly owned, or that improvements must be promptly disclosed and made accessible to both parties. The core function of this clause is to allocate intellectual property rights and ensure both parties understand their access to and use of any technological advancements or patents arising from their collaboration, thereby preventing future disputes over ownership and usage.
Inventions Access to Improvements Patents. 7.1 Improvements. Novan shall have the right to grant sublicenses under Section 2.3 according to the terms therein with respect to Sato Know-How and Sato Patents that constitute Improvements (“Sato Improvements”).
7.2 Ownership of Inventions. Inventorship shall be determined in accordance with U.S. patent laws. Any Invention made solely by employees, agents, or independent contractors of a Party in the course of performing activities under this Agreement, together with all intellectual property rights therein (“Sole Inventions”) shall be owned by such Party. Any Invention made jointly by employees, agents, or independent contractors of each Party, together with all intellectual property rights therein (“Joint Inventions”) shall be owned jointly by the Parties in accordance with joint ownership interests of co-inventors under U.S. patent laws, with each joint Party having, unless otherwise set forth in this Agreement, the unrestricted right to license and grant rights to sublicense any such Joint Invention without any duty of accounting to the other Party.
Inventions Access to Improvements Patents