Common use of Patent Law Clause in Contracts

Patent Law. The rights of the Parties and of the Agency to Subject Inventions shall be as set forth in 37 CFR 401.14 (“Patent rights clause”). A Subject Invention shall be owned by the Party whose Personnel make or generate the Subject Invention and that Party may, at its discretion, perfect legal protection therein in its own name and at its own expense. All rights to Subject Inventions made solely by UNIVERSITY Personnel will belong solely to UNIVERSITY (“UNIVERSITY Inventions”). All rights to Subject Inventions made solely by SBC Personnel will belong solely to SBC (“SBC Inventions”). All rights to Subject Inventions made jointly by UNIVERSITY and SBC will belong jointly to UNIVERSITY and SBC unless otherwise agreed in writing by the Parties (“Joint Inventions”).