Common use of Open Technology Clause in Contracts

Open Technology. In order to promote widespread availability and adoption of imaging technology inventions arising from the HRP Initiative that are specific to imaging technology equipment, and their applications to various types of imaging equipment, these imaging technology equipment inventions and applications resulting from Philips’ use of the Project Inventions shall be made available, under customary multi-vendor terms and polices to GE, Siemens and any other established manufacturer of proprietary imaging equipment who possesses the appropriate level of know-how and experience to implement new technology arising from the HRP Initiative.

Appears in 2 contracts

Samples: Participation Agreement (BG Medicine, Inc.), Participation Agreement (BG Medicine, Inc.)

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Open Technology. In order to promote widespread availability and adoption of imaging technology inventions arising from the HRP Initiative that are specific to imaging technology equipment, and their applications to various types of imaging equipment, these imaging technology equipment inventions and applications resulting from Philips’ use of the Project Inventions shall will be made availableavailable to third parties, such as GE, Siemens and other imaging equipment manufacturers with a market share of 10% or more in an imaging segment under customary multi-vendor terms and polices to GE, Siemens and any other established manufacturer of proprietary imaging equipment who possesses the appropriate level of know-how and experience to implement new technology arising from the HRP Initiativepolices.

Appears in 2 contracts

Samples: Participation Agreement (BG Medicine, Inc.), Participation Agreement (BG Medicine, Inc.)

Open Technology. In order to promote widespread availability and adoption of imaging technology inventions arising from the HRP Initiative that are specific to imaging technology equipment, and their applications to various types of imaging equipment, these imaging technology equipment inventions and applications resulting from Philips’ use of the Project Inventions shall be made available, available under customary multi-vendor terms and polices to GE, Philips, and Siemens and any other established manufacturer of proprietary imaging equipment who possesses the appropriate level of know-how and experience to implement new technology arising from the HRP Initiative.

Appears in 2 contracts

Samples: Participation Agreement (BG Medicine, Inc.), Participation Agreement (BG Medicine, Inc.)

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Open Technology. In order to promote widespread availability and adoption of imaging technology inventions arising from the HRP Initiative that are specific to imaging technology equipment, and their applications to various types of imaging equipment, these imaging technology equipment inventions and applications resulting from Philips’ use of the Project Inventions shall be made available, and BGM shall procure Philips to make available, under customary multi-vendor terms and polices to GE, Siemens and any other established manufacturer of proprietary imaging equipment who possesses the appropriate level of know-how and experience to implement new technology arising from the HRP Initiative.

Appears in 2 contracts

Samples: Participation Agreement (BG Medicine, Inc.), Participation Agreement (BG Medicine, Inc.)

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