Non-Patented Technology Sample Clauses
The Non-Patented Technology clause defines the rights and obligations of the parties regarding technology, know-how, or technical information that is not protected by patents. This clause typically clarifies how such non-patented materials—such as trade secrets, proprietary processes, or technical data—may be used, disclosed, or licensed between the parties. Its core function is to ensure that both parties understand the scope of rights and restrictions related to valuable technological assets that fall outside the scope of patent protection, thereby preventing misunderstandings and protecting confidential or proprietary information.
Non-Patented Technology. In the event that Sponsor exercises its option under Section 3.2(b) to obtain a non-exclusive license to Biological Material or Research Tools, and the parties agree not to obtain patent protection on such Biological Material or Research Tools, TSRI and Sponsor shall have [***] from the date of exercise of the option by Sponsor in which to execute a mutually acceptable license agreement to such Biological Material or Research Tools which agreement shall be on terms and conditions which are reasonable and customary for an agreement between an academic institution and a small company.