Future Inventions definition
Examples of Future Inventions in a sentence
To the Knowledge of Seller, no Future Inventions (as such term is defined in the ***) have been made or conceived, whether individually or jointly, by any one or more of the parties to the ***.
If Licensee exercises the Future Inventions Option, Licensee will agree to [*] for the Future Founder-University Invention prior to and during the Option Period and appertaining license negotiation period; provided that, such [*] without the prior written consent of Licensee [*].
The Licensor shall promptly provide written notice to the Company of any such Future Inventions.
In the event that Licensee exercises the Future Inventions Option, but no such license is executed during the negotiation period, Licensor agrees not to make an offer for a license to the Future Founder-University Invention on more favorable terms to a third party for a period of [*] without first offering Licensor those more favorable terms.
Future Invention(s) Invention(s) made by the Licensor or the Licensee during the term of this Agreement in the development of the Licensed Products encompassed within or anticipated by the Design and not leading to separately registrable Intellectual Property.
UW desires that the Invention and Future Inventions be developed and utilized to the fullest extent so that the general public can enjoy its benefits.
No Future Inventions (as such term is defined in the ***) have been made or conceived, whether individually or jointly, by any one or more of the parties to the ***.
No Future Inventions will be subject to any other terms of this Agreement, except that Articles 4.2 and 11.1 provide for Licensor to be paid royalties on products which embody or incorporate Related Future Inventions.
Licensee shall (and shall cause its Affiliates and/or Sublicensees, as applicable, to) add each Licensor and their respective successors and assigns, as “additional insured” under any product liability policy of Licensee for the Licensed Inventions and Future Inventions (if any).
Following such written notice, PTL shall have the option, but not the obligation, to add such Future Inventions to Schedule A and such Inventions shall be treated for all purposes as Inventions under this Agreement.