Funded Technology definition

Funded Technology means all rights in any invention (whether or not patentable) that satisfies both of the following conditions: (1) that is owned by University, or is subject to an obligation of assignment to University; and (2) that is both conceived and first actually reduced to practice in the specific scope of work contemplated by the Project, during the Project Period, at a time when Member’s financial obligations to University under this Agreement are current. "Funded Technology" shall also include all rights in any computer software (whether or not patentable) that satisfies both of the following conditions: (1) that is owned by University, or is subject to an obligation of assignment to University; and (2) that is fixed in a tangible medium of expression in the course of the Project, during the Project Period, at a time when the respective Member’s financial obligations to University under this Agreement are current. If University is a co- owner of rights in an invention or in certain software under circumstances where University's part-interest in that invention or software, if considered alone, would otherwise satisfy this definition of "Funded Technology," then University's part-interest in that invention or software shall be treated as "Funded Technology." For example, if an invention that otherwise satisfies this definition of "Funded Technology" is the joint conception of a University employee and a specific Consortium Member employee, then University and that Member shall jointly own that invention, and Member shall have the rights provided in Paragraph 8.2 to negotiate for a license under University's part-interest in that invention. Member shall be the sole owner of inventions that are conceived entirely by employees of Member. However, “Funded Technology” shall not include any inventions that may result in the course of work funded by Member, but that are outside the scope of the type of inventions that would reasonably be expected to result from the specific scope of work under the Project contemplated by this Agreement.

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Funded Technology means all rights in any invention (whether or not patentable) that satisfies both of the following conditions: (1) the invention is owned by LSU, or is subject to an obligation of assignment to LSU; and

Funded Technology shall also include all rights in any computer software (whether or not patentable) that satisfies both of the following conditions: (1) that is owned by University, or is subject to an obligation of assignment to University; and (2) that is fixed in a tangible medium of expression in the course of the Project, during the Project Period, at a time when the respective Member’s financial obligations to University under this Agreement are current. If University is a co- owner of rights in an invention or in certain software under circumstances where University's part-interest in that invention or software, if considered alone, would otherwise satisfy this definition of "Funded Technology," then University's part-interest in that invention or software shall be treated as "Funded Technology." For example, if an invention that otherwise satisfies this definition of "Funded Technology" is the joint conception of a University employee and a specific Consortium Member employee, then University and that Member shall jointly own that invention, and Member shall have the rights provided in Paragraph 8.2 to negotiate for a license under University's part-interest in that invention. Member shall be the sole owner of inventions that are conceived entirely by employees of Member. However, “Funded Technology” shall not include any inventions that may result in the course of work funded by Member, but that are outside the scope of the type of inventions that would reasonably be expected to result from the specific scope of work under the Project contemplated by this Agreement.

Examples of Funded Technology in a sentence

Nothing in this Agreement shall be deemed to allocate rights or ownership of any Funded Technology, and any rights to Funded Technology shall be determined by a separate written agreement.
If Licensee has not requested LSU to negotiate for a license respecting a particular invention within Funded Technology within 180 days after the filing date of the first patent application directed to that invention, then LSU shall be free to dispose of LSU's rights in that invention as LSU in its sole discretion sees fit, with no further obligation to Licensee with respect to that invention.
Notwithstanding the provisions of Sections 2 and 3, with respect to any IIA Funded Technology, unless otherwise provided in Section 4.2, the licenses granted under Section 2 and Section 3 are for Limited Use rather than for Use.
On Licensee's written request to LSU within 180 days after Licensee is given written notice of the filing date of the first patent application directed to a particular invention within Funded Technology and a copy of that patent application, LSU and Licensee shall negotiate in good faith to try to reach mutually agreeable terms for an exclusive or non-exclusive license to Licensee under any such application or resulting patent.
LSU shall promptly notify Licensee of the development of any invention within Funded Technology that is reasonably believed by LSU to have commercial potential, under reasonable confidentiality provisions to be negotiated.
None of the products currently manufactured and sold by MediVision, directly or indirectly, uses any technology that was developed using funding provided by the OCS (“OCS Funded Technology”), nor is any of the technology contained in any of the products currently manufactured or sold by MediVision or products that are currently proposed by MediVision based on the OCS Funded Technology.
From and after the receipt of such approval from the IIA, the license granted under Section 2 or Section 3 (as applicable) with respect to the IIA Funded Technology that is covered by such IIA approval will automatically be a Use license, but subject to any limitations imposed by such IIA approval (including any limitations the IIA may impose on which Affiliates of the Parties the right to Use may extend to), without further action of the Parties.
LSU may file such patent applications directed to inventions within Funded Technology as LSU in its sole discretion sees fit.
The rights of the parties in Funded Technology are as set forth in Paragraph 2.8 of the Supplemental Terms.
If the Steering Committee approves, and the Joint Sales Company commits to, and in fact does, fund such a study or research effort, any Technology developed, conceived or reduced to practice in the course of such study or research effort shall be deemed to be funded technology ("Funded Technology") and will automatically be subject to the licenses and rights granted herein as part of the Joint Alliance Technology without further action by either Party.

More Definitions of Funded Technology

Funded Technology shall also include all rights in any computer software (whether or not patentable) that satisfies both of the following conditions: (1) the software is owned by LSU, or is subject to an obligation of assignment to LSU; and

Funded Technology is as defined in Paragraph 7.1.

Funded Technology shall have the meaning set forth in Section 4.4.1.

Funded Technology is as defined in Section 8.1.

Funded Technology means any data, substances, processes, materials, formulas, or information developed in the course of FUNDED RESEARCH and which is owned by BTI or an AFFILIATE of BTI or licensed to BTI or an AFFILIATE of BTI.

Funded Technology shall also include all rights in any computer software (whether or not patentable) that satisfies both of the following conditions: (1) that is owned by University, or is subject to an obligation of assignment to University; and (2) that is fixed in a tangible medium of expression in the course of the Project, during the Project Period, at a time when Sponsor's financial obligations to University under this Agreement are current. If University is a co-owner of rights in an invention or in certain software under circumstances where University's part-interest in that invention or software, if considered alone, would otherwise satisfy this definition of "Funded Technology", then University's part-interest in that invention or software shall be treated as "Funded Technology." For example, if an invention that otherwise satisfied this definition of “Funded Technology” is the joint conception of a University employee and a Sponsor employee, then University and Sponsor shall jointly own that invention, and Sponsor shall have the rights provided in Paragraph 8.2 to negotiate for a license under University’s part-interest in that invention. Sponsor shall be the sole owner of inventions that are conceived entirely by employees of Sponsor.