Common use of Ownership of Foreground IP Clause in Contracts

Ownership of Foreground IP. All Intellectual Property Rights developed in the course of the provision of the Contract Manufacturing Services shall be solely owned by Recipient, provided that Supplier will retain a non-exclusive right to use such IP developments in the Joint Field, Open Field, and Company Field (in case of SpinCo as the Recipient) and SpinCo Field (in case of Parent as the Recipient), as those terms are defined in the IP Cross License Agreement.

Appears in 3 contracts

Samples: Transition Contract Manufacturing Agreement (Solventum Corp), Transition Contract Manufacturing Agreement (3m Co), Transition Contract Manufacturing Agreement (Solventum Corp)

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Ownership of Foreground IP. All Intellectual Property Rights developed in the course of the provision of the Contract Manufacturing Services shall be solely owned by Recipient, provided that Supplier will retain a non-exclusive right to use such IP developments in the Joint Field, Open Field, and Company RemainCo Field (in case of SpinCo as the Recipient) and SpinCo Field (in case of Parent as the Recipient), as those terms are defined in the IP Cross License Agreement.

Appears in 1 contract

Samples: Transition Contract Manufacturing Agreement (3M Health Care Co)

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