Funded IP definition
Examples of Funded IP in a sentence
The Institution has appointed the Technology Transfer Office to assist it in the commercial exploitation of Diabetes Funded IP, and as such the Technology Transfer Office has agreed to enter into this Agreement together with the Institution, DUKSL and Diabetes UK.
For the avoidance of doubt, ownership by a Party or its Affiliates of Intellectual Property rights in a trade secret (including Ultra Trade Secrets) that is Jointly Funded IP shall mean the sole right to use the trade secret, including the right to make, use, sell or offer for sale products in that Party’s respective Territory.
The obligations set forth in this Article VI shall be subject to the general provision on further cooperation and good faith dealing between the Parties as to the Jointly Funded IP, as set forth in Section 8.01 hereof.
Diabetes UK has requested DUKSL to assist it in exploiting Diabetes UK Funded IP, and as such DUKSL has agreed to enter into this Agreement together with the Institution, the TTO and Diabetes UK.
Likewise, any realization or transfer of said Funded IP will also be conditional upon the potential buyer or transferee undertaking to assume obligations in accordance with the R&D Law (including without limitation, Sections 18, 19 and 19A thereof and the obligation not to transfer the Funded IP to another entity unless the Research Committee approves the transaction) and in accordance with the terms of the program pursuant with which funds were provided to the Pledgor.
In addition, the Lenders hereby acknowledge that any realization of any charge, lien or encumbrance, fixed or floating, of the Funded IP, including the sale of the Funded IP and its transfer within the framework of realization procedures, will require the approval of the Research Committee (as hereinafter defined).
Except as set forth in Schedule 4.11(k), Aeglea and its Subsidiaries have taken any and all actions necessary to obtain, secure, maintain, enforce and protect Aeglea’s or its applicable Subsidiary’s right, title and interest in, to and under all Government Funded IP, and Aeglea and its Subsidiaries have complied with any and all Intellectual Property disclosure and/or licensing obligations under any applicable contract referenced in clause (i) above.
All Intellectual Property obtained or created in jointly funded Projects after the Effective Date shall constitute Jointly Funded IP and be subject to all applicable provisions of this Agreement with regard to exchange of ATI, ownership of Jointly Funded IP in the respective Territories and confidentiality.
A royalty of 1% of Net Sales for a Product which contains or is made using Funded IP, DNAP IP or DNAP Developed IP, where the contribution of the Funded IP, DNAP IP or DNAP Developed IP to the Product is not the basis of the efficacy of the Product, for example, a Product containing- a 35S-driven Bt gene in a DNAP vector.
Except for as prescribed by the R&D Law with respect to the IIA Funded IP, the payment and performance of the Obligations by Loan Parties are not subordinated in any way to any other obligations of such Loan Parties or to the rights of any other Person.