VISTA DEVELOPMENTS Sample Clauses
VISTA DEVELOPMENTS. (a) Vista will continue development of communications software for medical applications, focusing initially on the provision of information to surgeons, and the manipulation and management of this information. Vista intends to market communications software packages to the medical industry, either as independent products or as software modules of capital equipment installed and serviced by Vista.
(b) Vista will own all right, title and interest to any new intellectual property which is developed by Vista ("Vista Product(s)"). GDE will have the right of first refusal to license such Vista Product(s) for non-medical markets at a royalty rate of three percent (3%). The parties will enter into a separate license agreement for the licensing of such Vista Product(s) by GDE pursuant to this Article 4.2(b).
(c) Vista's ownership, right, title and interest to derivative works extends only to the material developed by Vista, as distinguished from the Licensed Products employed in the work, and does not imply any exclusive right in the Licensed Products, other than those described herein. The ownership of such derivative works is independent of, and does not affect or enlarge the scope, duration, or subsistence of, any ownership of the Licensed Products.
VISTA DEVELOPMENTS. (a) Vista will continue development of communications software for medical applications, focusing initially on the provision of information to surgeons, and the manipulation and management of this information. Vista intends to market communications software packages to the medical industry, either as independent products or as software modules of capital equipment installed and serviced by Vista.
(b) Vista will own all right, title and interest to any new intellectual property which is developed by Vista ("Vista Product(s)"). GDE will have the right of first refusal to license such Vista Product(s) for non-medical markets at a royalty rate of * * * * * *. The parties will enter into a separate license agreement for the licensing of such Vista Product(s) by GDE pursuant to this Article 4.2(b).
(c) Vista's ownership, right, title and interest to derivative works extends only to the material developed by Vista, as distinguished from the Licensed Products employed in the work, and does not imply any exclusive right in the Licensed Products, other than those described herein. The ownership of such derivative works is independent of, and does not * * * Confidential Treatment Requested affect or enlarge the scope, duration, or subsistence of, any ownership of the Licensed Products.