Limitation on Licensing Joint Subject Inventions Clause Samples

Limitation on Licensing Joint Subject Inventions. Except as expressly ------------------------------------------------ set forth in Paragraphs 3.3 (Obligations of Terminated or Withdrawing Participant) or 8.8 (Rights for Performance of Project) or 8.9 (Preferred Customers), for a period of five [5] years from the date of this Agreement, no owner of a Joint Subject Invention shall license that Joint Subject Invention to any unaffiliated third party without the prior written consent of each of the other joint owners. For all purposes herein, a party shall be deemed an "unaffiliated third party" unless the joint owner Participant desiring to license said Joint Subject Invention owns at least 20% of the voting shares of stock or other ownership interests of such third party. As an exception to the foregoing, a joint owner may grant a license to one or more of its vendors to manufacture its Joint Subject Invention and/or to practice such Joint Subject Invention, respectively, in each case solely for the purpose of supplying that joint owner's own internal needs and the needs of its subsidiaries and affiliates (i.e., excluding unaffiliated third parties), but not for any other purpose.