Legal Mechanisms for Transferring Rights in Transferred Patents Sample Clauses

Legal Mechanisms for Transferring Rights in Transferred Patents. COPA recommends the following options for transferring the necessary rights under the requested
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Legal Mechanisms for Transferring Rights in Transferred Patents. COPA recommends the following options for transferring the necessary rights under the requested crypto- technology patents to the requesting member: (1) assignment in part so that the original patent owner and requesting member are co-owners of the patent, (2) assignment of the patent to COPA so that COPA can then co-own the patent with the requesting member, (3) exclusive license of the patent to COPA so that COPA can use the patent defensively for the benefit of the requesting member, and (4) exclusive license to the requesting member within a field of exclusivity to be agreed between the parties. The parties may also consider alternative mechanisms in consultation with COPA. There are pros and cons to each mechanism, and ultimately, the patent owner will decide which mechanism to use, subject to certain conditions. Subject to Section 2 of this Exhibit C, if and once the Owner Member approves a request from an Other Member made in accordance with Section 1 of this Exhibit C, the Owner Member, Other Member and Board will discuss the appropriate legal mechanism for providing the Other Member with access to the identified Pledged Patent(s) for a Defensive Patent Assertion, and the Owner Member will negotiate in good faith with the Other Member and COPA (if applicable) reasonable terms for implementing such mechanism. If any legal mechanism would be reasonably likely to jeopardize COPA’s status as a not- for-profit Entity, the applicable Parties shall take whatever steps are necessary (including by using an alternative legal mechanism) to mitigate the risk that COPA might lose such status. Subject to the foregoing sentence, the Owner Member will have the final decision, at its sole discretion, as to which of the following legal mechanisms will be employed:

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