JRA Exception Sample Clauses
The JRA Exception clause serves to exclude certain obligations or liabilities from the scope of the Japanese Real Estate Act (JRA) within a contract. In practice, this clause specifies which provisions of the JRA do not apply to the agreement or to particular transactions covered by the contract, often to accommodate unique business arrangements or regulatory requirements. By clearly delineating these exceptions, the clause helps parties avoid unintended legal consequences and ensures that the contract reflects their specific intentions regarding compliance with the JRA.
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JRA Exception. Notwithstanding anything to the contrary in this Agreement, each Party will have the right to invoke the America Invents Act Joint Research Agreement exception codified at 35 U.S.C. § 102(c) (the “JRA Exception”) when exercising its rights under this Agreement, but only with prior written consent of the other Party in its sole discretion. In the event that a Party intends to invoke the JRA Exception, once agreed to by the other Party if required by the preceding sentence, it will notify the other Party and the other Party will cooperate and coordinate its activities with such Party with respect to any filings or other activities in support thereof. The Parties acknowledge and agree that this Agreement is a “joint research agreement” as defined 35 U.S.C. § 100(h).
JRA Exception. Notwithstanding anything to the contrary in this Article 6, neither Party shall have the right to make an election under 35 U.S.C. §102(c) (the “JRA Exception”) when exercising its rights under this Article 6 without the prior written consent of the other Party in its sole discretion. In the event that a Party intends to invoke the JRA Exception, once agreed to by the other Party if required by the preceding sentence, it shall notify the other Party and, the Parties shall cooperate and coordinate their activities with respect to any submissions, filings or other activities in support thereof. The Parties acknowledge and agree that this Agreement is a “joint research agreement” as defined in 35 U.S.C. § 100(h).