Future IP definition

Future IP means any Intellectual Property Rights filed, acquired, or otherwise obtained by Pathway after the Effective Date.

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Future IP of a Party means (i) Patents of that Party having an effective filing date after the Effective Date and prior to the date of termination of this Agreement pursuant to paragraph 9(a) or (b) and (ii) Confidential Information of the Party created after the Effective Date.

Future IP has the meaning set forth in Section 2.6. For the avoidance of doubt, the Parties acknowledge that "Future IP" shall not include any Collaboration Technology.

Examples of Future IP in a sentence

• During the Sharing Period, a party to this Agreement (“Requesting Party”) shall have the right to request to have filed, have prosecuted, and/or maintained, at the Requesting Party’s sole expense, additional continuing Patents (each, an “Improvement Patent”) based upon (a) Broncus Existing IP and/or Broncus Future IP (if the Requesting Party is Asthmatx) or (b) Asthmatx Existing IP and/or Asthmatx Future IP (if the Requesting Party is Broncus).

• This Agreement does not impose any obligation on Broncus to enforce any Broncus Existing IP or any Broncus Future IP against any third party or parties party at the request of Asthmatx or otherwise, or to be joined as a party to any action by Asthmatx to enforce any Broncus Existing IP or any Broncus Future IP against a third party.

• Such disclosure will be made within a reasonable time after such Asthmatx Future IP has been developed and reduced to practice.

• Each party shall have the right, but not the obligation, at its sole option and discretion, to initiate and maintain legal action against any infringement of its Existing IP or its Future IP and/or Improvement Patents owned by that party (“Enforcing Party”).

• Ownership of an Improvement Patent that is based on or derived from Broncus Existing IP or Broncus Future IP shall reside with Broncus.

• Subject to the confidentiality provisions of Section 11 of this Agreement, Asthmatx will disclose in confidence to Broncus any Asthmatx Future IP that is described in Section 1.7(b)(ii) that may be developed by Asthmatx.

• Neither party is making any express or implied warranty to the other (including but not limited to any warranty of non-infringement) regarding its Existing IP or Future IP.

• Subject to the confidentiality provisions of Section 11 of this Agreement, Broncus will disclose in confidence to Asthmatx any Broncus Future IP that is described in Section 1.7(b)(ii) above that may be developed by Broncus.

• Ownership of an Improvement Patent that is based on or derived from Asthmatx Existing IP or Asthmatx Future IP shall reside with Asthmatx.

• Such disclosure will be made within a reasonable time after such Broncus Future IP has been developed and reduced to practice.

More Definitions of Future IP

Future IP means all developed intellectual property, patents and patent applications regarding the PolyActive Rights A and B. IsoTis IsoTis Inc. and its related company IsoTis N.V.. ****Certain confidential information contained in this document, marked with four asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. IsoTis Inc. Shall mean IsoTis Inc., having its principle office located at ▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ of America. IsoTis IP Shall have the meaning given to it in Article 4.10 IsoTis N.V. Shall mean IsoTis N.V., having its corporate seat in Amsterdam and its registered offices at Professor ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ D (3723 MB) Bilthoven. IsoTis License AB Shall have the meaning given to it in Article 4.2.

Future IP shall not include any Collaboration Technology.