University Inventions. All rights to inventions or discoveries made solely by University shall belong to the University and shall be disposed of in accordance with University policy.
University Inventions. The option to negotiate a royalty-bearing commercial license in a designated field of use and territory, for either non-exclusive or exclusive rights in each UNIVERSITY Invention, which SPONSOR may elect by written notice to UNIVERSITY no later than six months after UNIVERSITY’s notice of Invention disclosure. The negotiation period for the license shall be three months from the date of notice of election. If the parties have not entered into a license before the end of the negotiation period, then UNIVERSITY may license the Invention to third parties without further obligation to SPONSOR.
University Inventions. Any Inventions, whether patentable or not, solely invented by University shall be the sole and exclusive property of University (“University Inventions”). If University conceives and reduces to practice any Invention directly related to this Project Proposal, University shall promptly and in any case within thirty (30) days after becoming aware of the Invention, fully disclose in writing to Company such Invention. All invention disclosures by University exchanged under this Agreement will be kept confidential by the Parties.
University Inventions. Any Inventions, whether patentable or not, solely invented by University shall be the sole and exclusive property of University (“University Inventions”).
University Inventions. For each UNIVERSITY INVENTION created during the term of this AGREEMENT, the UNIVERSITY hereby grants the RESEARCH COLLABORATOR an option on the terms set forth in this section to enter into a royalty-bearing, non-exclusive license. The option exercise period shall commence on the date on which the UNIVERSITY delivers to the RESEARCH COLLABORATOR written notice of the creation of the UNIVERSITY INVENTION and shall end ninety (90) days thereafter. The RESEARCH COLLABORATOR may exercise this option by delivering to the UNIVERSITY a written notice of exercise during the option exercise period. Upon such exercise, the RESEARCH COLLABORATOR and the UNIVERSITY shall promptly enter into good faith negotiations with a view towards entering into a royalty-bearing, non-exclusive license on a commercially reasonable basis in RESEARCH COLLABORATOR’s field of use. (RESEARCH COLLABORATOR acknowledges that this option to a royalty-bearing, non- exclusive license is granted to all Associate and Partner research collaborators in the CONSORITUM. If no other research collaborator of the CONSORTIUM exercises a similar option to the UNIVERSITY INVENTION, the UNIVERSITY may offer to grant the RESEARCH COLLABORATOR a royalty-bearing, exclusive license.) This section shall apply only to UNIVERSITY INVENTIONS (i) that were funded, in whole or part, by CONSORTIUM funds, and (ii) are free of any rights granted by the UNIVERSITY to the United States of America or any other research sponsor.
University Inventions. The Government and the University shall have rights in any Invention conceived in the performance of work under this Agreement by employees of the University in accordance with the provision of Department of Energy's (DOE) Management and Operating (M&O) contract with the University, subject to the Sponsor obtaining upon notice to the DOE Patent Counsel, a nonexclusive, nontransferable, irrevocable, paid-up license to practice said Invention throughout the world. Sponsor further has the first option to negotiate with the University for an exclusive license in a pre-negotiated field of use on reasonable terms and conditions. This Option shall expire six (6) months after the conclusion of the work under the Statement of Work.
University Inventions. UNIVERSITY shall have sole title to: (i) any invention conceived or first reduced to practice solely by employees and/or students of UNIVERSITY in the performance of the Research (each an “UNIVERSITY Invention”); and (ii) any invention conceived or first reduced to practice by FARDA’s personnel with significant use of funds or facilities administered by UNIVERSITY, if the invention is conceived or reduced to practice other than in the performance of the Research. FARDA shall be notified of any UNIVERSITY Invention promptly after a disclosure is received by UNIVERSITY’s OTD. UNIVERSITY may (i) file a patent application at its own discretion, or (ii) shall do so at the request of FARDA and at FARDA’s expense, provided FARDA notifies UNIVERSITY within thirty (30) days of its receipt of the invention notice from UNIVERSITY.
University Inventions. Except for Prior Inventions that I have set forth in Exhibit A, I hereby acknowledge that all right, title, and interest in and to all Inventions conceived, discovered, developed, made, or reduced to practice by me, whether alone or jointly with others, during the course of my work while being employed with the University, or working on University funded (whether in whole or in part) projects, or performing work using University Resources (collectively “University Inventions”), vest with the University as the first owner as of the date the University Invention was conceived, discovered, developed, made, reduced to practice, fixed in a tangible medium, or learned by me, whichever is earlier as permitted by applicable law. If any right, title or interest in and to any University Invention first vests in me under the provisions of the Indian Copyright Act of 1957, as amended, or any other applicable law, I hereby unconditionally and irrevocably assign to the University all worldwide rights, title, and interest in and to such University Invention, such assignment being effective as of the date the applicable University Invention is first conceived, discovered, developed, made, reduced to practice, fixed in a tangible medium, or learned, by me, whichever is earlier as permitted by applicable law, for all territories, mediums (now existing or in the future), versions and elements, and languages, for the whole term during which such rights, title, and interest can legally subsist, and without payment of any further consideration, fee, or royalty to me, unless otherwise agreed in a signed writing by the Authorized University Signatory. I acknowledge and agree that notwithstanding the provisions of Section 19 (4) of the Indian Copyright Act of 1957 or any other applicable law, the assignment shall not lapse nor will the rights transferred herein revert to me (or my legal heirs, successors and permitted assigns), even if the University (or any of its successors, assigns, or affiliates) do not exercise the rights assigned hereunder. I further acknowledge and agree that I do not retain any rights to revise, extend, limit, or terminate the assignment made herein to the University, and that such assignment shall never lapse nor revert to me (or my legal heirs, successors and permitted assigns) for any reason whatsoever, including the non-exercise by the University (or any of its successors, assigns, or affiliates) of any of the rights, title, and interest assigned herei...
University Inventions. University grants to Company: (a) a non-exclusive, worldwide, royalty-free, fully paid-up, perpetual and irrevocable, license (with the right to sublicense through multiple tiers of sublicenses in conjunction with the license of Company intellectual property or sale of Company products) to use and practice University Inventions (including under any and all patent rights claiming University Inventions) to develop, have developed, make, use, have made, market, sell, have sold and import the Company Device or products for the prevention of occlusion and/or reduction of debris or tissue accumulation in shunts and/or shunts incorporating such prevention devices that rely upon, make use of or are based on the Company Device; and (b) an exclusive option (the “Option”) to obtain an exclusive, worldwide license, with the right to grant sublicenses, to make, use, sell, have made, have sold, offer to sell, and import under University’s rights in University Inventions on terms to be negotiated in good faith between the parties. Company may exercise the Option by sending written notice to University at any time within ninety (90) days following the receipt of a written disclosure from University describing in detail such University Invention (the “Option Period”). If, at the end of the Option Period, Company has not exercised the Option, or in the event the Parties fail to reach a mutually acceptable licensing arrangement within six (6) months after the Option Period, University shall be entitled to negotiate with a third party for a license to University’s rights in University Inventions.
University Inventions. University shall retain ownership of any Invention, improvement, know-how, or discovery other than Study Inventions or Company Inventions made, conceived and reduced to practice in connection with the work conducted by University hereunder. University shall provide prompt notice of such Inventions to Company.
