Common use of Licensor Technology Clause in Contracts

Licensor Technology. The Licensor shall retain all right, title and interest in and to the Licensor Technology, Licensor Know-How and Additional Know-How subject to the express license granted to Licensee under this Agreement. (i) In the event Licensor, the Universities or Inventors wish to abandon any Licensor Technology, Licensor will offer to assign, or use Commercially Reasonable Efforts to cause the Universities or Inventors to assign to Licensee, free of charge, any such Patent prior to effectuating the abandonment. Licensee will bear the costs connected to any assignment hereunder.