Common use of Joint Technology Clause in Contracts

Joint Technology. Subject to the terms and conditions set forth in this Agreement, including the licenses granted in Section 2.1 (License Grants), the Parties will jointly own all Joint Technology and each Party is entitled to practice the Joint Technology for all purposes on a worldwide basis and to license such Joint Technology through multiple tiers without consent of the other Party (where consent is required by Applicable Law, such consent is deemed hereby granted) and without a duty of accounting to the other Party. Subject to the licenses granted by each Party in Section 2.1 (License Grants), each Party will grant and hereby does grant to the other Party all further permissions, consents, and waivers with respect to, and all licenses under, the Joint Technology, throughout the world, necessary to provide the other Party with full rights of use and Exploitation of the Joint Technology. Without limitation, each Party will cooperate with the other Party if the Parties determine to apply for U.S. or foreign patent protection for any Joint Technology and will obtain the cooperation of the individual inventors of any such Joint Technology. The Parties will set forth and update from time to time a list of the Joint Technology in Schedule 9.3 (Joint Technology), provided that any Know-How or Patent Rights that meet the definition of the Joint Technology will be Joint Technology whether or not included on Schedule 9.3 (Joint Technology).