Common use of Technology Assignment Clause in Contracts

Technology Assignment. (a) In consideration for the payments and acknowledgements contained in clause 4 and 5 and subject to the rights (if any) granted to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Cancer Institute under the PeterMac Research Agreement continuing until the termination of the PeterMac Research Agreement (whether simply due to the effluxion of time or on any other basis whatever), Medvet hereby assigns to Angioblast absolutely and beneficially, such assignment to be effective from the date of execution of this Deed, the whole of its rights, title and interest, whether presently existing or which arises at a date after the date of this Deed in and to any Intellectual Property Rights subsisting in the Technology including: (i) the right to apply for and register in any country worldwide such Intellectual Property Rights; and (ii) the right to claim (and retain) any damages and other remedies (including but not limited to an account of profits) for past infringement of and wrongful interference of such Intellectual Property Rights by third parties (whether or not they arose prior to the date this Deed came into effect).