Common use of Patentable Inventions Clause in Contracts

Patentable Inventions. The Parties hereby agree that all --------------------- Program Know-How shall be ***. If a patentable invention is conceived in the course of the Program, Lilly and Albany shall discuss that invention and the desirability of filing a United States patent application covering the invention, as well as any foreign counterparts. Lilly shall make the final decision on whether a patent application should be filed on such invention. In the event Lilly determines that a patent application should be filed on such invention, Albany shall file and prosecute the application. If an invention is made jointly pursuant to 35 U.S.C. (S)116, Lilly shall make the decision on whether a patent application covering such joint invention should be filed. In the event Lilly determines that a patent application should be filed on such joint invention, Lilly shall file and prosecute the application. All patent applications and patents covering any invention made under the Program shall be owned by the Parties or Party, as the case may be, that own(s) said invention.