Common use of Joint Technology Clause in Contracts

Joint Technology. Each Party hereby grants the other Party a world-wide, non-exclusive, perpetual, royalty-free, fully paid up, freely sublicenseable right and license under its interest in the Joint Technology to exploit compounds that are not guanylate cyclase C agonists anywhere in the world, without compensating or accounting to the other Party.

Appears in 5 contracts

Sources: Collaboration Agreement (Forest Laboratories Inc), License Agreement (Ironwood Pharmaceuticals Inc), Collaboration Agreement (Ironwood Pharmaceuticals Inc)

Joint Technology. Each Party hereby grants the other Party a world-wide, non-exclusive, perpetual, royalty-free, fully paid up, freely sublicenseable right and license under its interest in the Joint Technology to exploit compounds that are not guanylate cyclase C agonists anywhere in the world, without compensating or accounting to the other PartyParty on account of the use and practice of such Joint Technology.

Appears in 3 contracts

Sources: License Agreement (Ironwood Pharmaceuticals Inc), License Agreement (Ironwood Pharmaceuticals Inc), License Agreement (Ironwood Pharmaceuticals Inc)

Joint Technology. Each Party hereby grants the other Party a world-wideworld­wide, non-exclusivenon­exclusive, perpetual, royalty-freeroyalty­free, fully paid up, freely sublicenseable right and license under its interest in the Joint Technology to exploit compounds that are not guanylate cyclase C agonists anywhere in the world, without compensating or accounting to the other PartyParty on account of the use and practice of such Joint Technology.

Appears in 1 contract

Sources: License Agreement