Common use of Prototypes Clause in Contracts

Prototypes. Upon Company’s request, University will, at the conclusion of the Project, assign and transfer to Company all University’s right, title and interest in and to the Prototype. Company must make a request in writing no later 30 days after the last day of instruction for the quarter in which the capstone project was completed, or January 15 for Fall/Winter projects or July 15 for Winter/Spring projects, whichever is later. If Company fails to make its request by this date, University retains ownership of the Prototype.

Appears in 3 contracts

Sources: Project Sponsor Agreement, Capstone Project Sponsor Agreement, Capstone Project Sponsor Agreement