CVT Projects definition
Examples of CVT Projects in a sentence
In this event, the Parties agree that all Know-How (including data, results, information and materials) arising from any and all such CVT Projects and all Patent Rights thereon shall be solely owned by CVT and shall automatically be included within the CVT Know-How and CVT Patent Rights licensed to MIOL under Section 3.1 above, and no additional milestone and royalty payments shall be required above and beyond those set forth in Sections 4.2 and 4.3.
The JDC, subject to the oversight of the JSC as set forth in Section 2.2, shall oversee all Joint Development activities conducted by the Parties, and with respect to any other research and development of the Product, including CVT Projects or projects proposed to MIOL to which MIOL has not opted in, the JDC shall serve as the forum for consultation, communication and exchange of information regarding such research and development.
CVT shall propose any ideas for Joint Development Plans to MIOL, but shall determine in its sole discretion whether or not to agree to any Joint Development Plans proposed by MIOL, and whether and how to conduct any CVT Independent Development under Section 11.4 and whether and how to conduct any CVT Projects under Section 11.6.