Collaboration definition
Examples of Collaboration in a sentence
Once satisfied conditions and terms foreseen under the Granting Notice of Option and the Part B Stock Option Agreement, specifically the Term of Collaboration, on each Anniversary as from the date of Vesting of Part B Shares, the Participant will be entitled to have the Trust’s Trustee release and transfer thereto Part B Shares, subject to the exercise of Part B Stock Option; on the understanding that such exercise is to occur only within terms foreseen under the Part B Shares Release Schedule.
Subject to the rights and licenses granted expressly hereunder, as between the Parties, Vir Bio shall solely own and retain all right, title and interest in and to any and all Collaboration IP.
Other than the Original Collaboration Agreement, there has not occurred nor has there existed any transaction or relationship between the SPV and any Affiliate thereof.
For purposes of this Section, “Protected Collaboration Assets” means (i) SunHydrogen Background Intellectual Property, (ii) 2024 TCA IP; (iii) Foreground Intellectual Property, and (iii) SunHydrogen Confidential Information.
Without limitation to Section 15.12, Licensee shall assign and hereby assigns, and shall cause all of its Affiliates, Sublicensees, Distribution Partners and subcontractors to assign, irrevocably, without reservation, all of their respective rights, title, and interest in and to the Collaboration IP to Vir Bio.