Common use of Joint Improvements Clause in Contracts

Joint Improvements. Any new intellectual property jointly conceived or reduced to practice by ASTA Medica and BioNumerik ("Joint Improvements") shall be jointly owned by ASTA Medica and BioNumerik on an equal basis, and all costs to file, prosecute, and maintain patent applications, patents, and/or other applicable intellectual property protection regarding Joint Improvements shall be shared equally by BioNumerik and ASTA Medica Each of BioNumerik and ASTA Medica hereby agrees to license its interest in such intellectual property in the manner provided in Sections 11.1 and 11.2.