FKL IP definition

FKL IP means Intellectual Property developed solely by FKL Personnel. "JS IP" means Intellectual Property developed solely by JS Personnel. "Joint IP" means Intellectual Property developed jointly by JS Personnel and FKL Personnel, as determined in accordance with US Patent Law. In the case of works subject to copyright, Joint IP shall mean only those works in which FKL and JS intend that their contributions be merged into inseparable or interdependent parts of a unitary whole. "FKL Background IP" means Background IP in the possession of FKL. "JS Background IP" means Background IP in the possession of JS. FKL and JS shall not, by performance under this Agreement, obtain any ownership interest in the other parties' Background IP.
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Examples of FKL IP in a sentence

  • FKL makes no representation as to the usefulness of Research Results, FKL IP, or Joint IP.

  • If JS exercises its First Right to FKL IP, JS shall have a period of three (3) months (the "Option Period"), commencing on the date of JS's notice of intent, in which to negotiate a license to the disclosed FKL IP or Joint IP.

  • If FKL and JS fail to reach agreement on a license during the Option Period, the First Right to FKL IP shall terminate, unless extended by FKL.

  • There are no express or implied warranties of merchantability or fitness for a particular purpose, or that JS use of any Research Results, FKL IP, or Joint IP will not infringe any third party patent, copyright, trademark, or other third party rights.

  • JS shall have three (3) months from the date upon which FKL delivers to JS a Disclosure (the "Review Period") to inform FKL in writing of JS's intent to negotiate a license to the disclosed FKL IP or Joint IP ("First Right to UW IP").

  • FKL shall offer to JS a non-exclusive, paid up, royalty-free license to FKL IP for JS's internal use.

  • If JS fails to so notify FKL, JS's First Right to FKL IP shall terminate at the end of the Review Period.

  • Title to FKL IP shall vest with FKL unless FKL expressly agrees otherwise.

  • Any decision to file a patent application on FKL IP or Joint IP shall be made in consultation with JS.