Background IP Rights definition
Examples of Background IP Rights in a sentence
For the avoidance of doubt, the aforementioned right to sublicense under Recursion’s Background IP Rights and Background Know-How does not ▇▇▇▇▇ ▇▇▇▇▇ any rights to sub-license such Background IP Rights and Background Know-How independently from the development and commercialization of the Licensed Rights (e.g. no right for independent sub-licensing for the purpose of generating license fees from Recursion’s Background IP Rights and Background Know-How).
The disclosure and use of any Background IP Rights under the Research License shall not constitute any right of prior use for the recipient.
Inovio shall Handle all 3112 IP Patent Rights that are also Inovio Background IP Rights, Patents listed in schedule X at its own expense provided timely reporting of prosecution matters with an opportunity to provide input, with reasonable consideration given to same, to MedImmune; however, should Inovio discontinue active development of a 3100 Product, then the Parties agree that MedImmune shall Handle 3112 IP Patent Rights at its own expense and discretion.
For avoidance of doubt, MedImmune retains all rights to use MedImmune Improvements to Inovio Background IP Rights.
For purposes of clarity, Contractor acknowledges and agrees that Aireon retains ownership of: (a) all of Aireon’s Proprietary Information; and (b) any [***]; and (c) Aireon Background IP and Background IP Rights (“Aireon Property”).
Each Party will retain ownership of its Background IP Rights, Background Know-How and Excluded IP.
Recursion shall not be liable to Bayer for ultimate discontinuation of any Background IP Rights.
All such Background IP Rights are and remain owned by the relevant Party or third party.
The Parties shall discuss whether Bayer could participate in the ongoing maintenance or prosecution costs of such Background IP Rights.
MedImmune shall, at its own expense and discretion, Handle all MedImmune Compound IP, MedImmune Patent Rights, MedImmune-owned Collaboration IP (excluding 3112 IP Patent Rights that are also Inovio Background IP Rights) and Joint Patent Rights.