Common use of Pre-existing IP Clause in Contracts

Pre-existing IP. Each Party retains all patents, copyrights, trade secrets, trademarks and other property rights in its intellectual property developed before or independent of this Agreement (“Pre-Existing IP”). Both Parties hereby acknowledge and agree that as of the Effective Date and as between LipoScience and Agilent, LipoScience owns all intellectual property rights to the Vantera Analyzer as distinct from the NMR Subsystem and Agilent owns all intellectual property rights to the NMR Subsystem.

Pre-existing IP. Each Party retains all right, title and interest in and to all intellectual property rights, including copyrights, patents, copyrightspatent disclosures, and inventions (whether patentable or not), data, trade secrets, trademarks know-how and other property confidential information, trademarks, service marks, trade dress, trade names, logos, and domain names, together with all of the goodwill associated therewith, derivative works and all other rights in its intellectual property developed before (collectively, “Intellectual Property Rights”) that are owned or independent of this Agreement (“Pre-Existing IP”). Both Parties hereby acknowledge and agree that as of otherwise controlled by such Party on the Effective Date and as between LipoScience and Agilent, LipoScience owns all intellectual property rights to or that arise outside the Vantera Analyzer as distinct from the NMR Subsystem and Agilent owns all intellectual property rights to the NMR Subsystemscope of this Agreement.