Protection of the Foreground IP Sample Clauses

Protection of the Foreground IP. 5.3 The Foundation may independently proceed, as indicated in this Section 5.3 and at its own costs, with the filing and subsequent extension of any application concerning the Foreground IP, provided that all the Partners are notified, pursuant to Section 14, at least 45 (forty-five) days prior to the filing of such application, and that all the Partners are indicated as joint owners, without prejudice to the moral rights of the author and inventor pursuant to the applicable laws. It is understood that if the Foundation does not wish to apply for the protection of the Foreground IP, or its subsequent extension, the Foundation shall notify each Partner, who shall then state if they wish to proceed for such protection, bearing any cost related to such protection. In such event, the Partner(s) wishing to apply bearing their own costs may independently register and/or extend the protection of the Foreground IP. In any case and even at a later stage, if any Party declares not to be interested in the extension, in all or even only in some countries, such Party shall transfer the extension rights of the Foreground IP free of charge to the other Party(ies), retaining ownership of its share only in the countries in which such Party participates in the costs. In this case, such Party shall provide all administrative and legal information, signatures and powers necessary for such extension(s), so that the Party(ies) concerned may carry out the extension(s) in their own name and at their own costs. The Party(ies) who have not participated in the extension of the Foreground IP in any country(ies) shall waive any property rights arising therefrom in such country(ies). The Parties also agree that in the event one of the Parties is not interested in maintaining the Foreground IP, in all or part of the countries in which an application has been filed with its support, said Party shall give written notice to the other Parties at least 60 (sixty) days prior to the due date for payment of the relevant fees. Any Party that has not participated in the above procedures in a particular country(ies) shall waive any property rights arising therefrom in such country(ies). In case the protection of the Foreground IP through legal action, in all or even only some countries, becomes necessary:
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Related to Protection of the Foreground IP

  • Background Technology List here prior contracts to assign Inventions that are now in existence between any other person or entity and you. ☐ List here previous Inventions which you desire to have specifically excluded from the operation of this Agreement. Continue on reverse side if necessary.

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