IMPROVEMENT INVENTION definition
Examples of IMPROVEMENT INVENTION in a sentence
The exclusive option granted to LICENSEE under this Section 2.2 must be exercised in writing within forty-five (45) days after LICENSEE’S receipt of written information of LICENSOR’S decision to file a patent application concerning an IMPROVEMENT INVENTION or other invention from LICENSOR.
Following such expiration, a PRIOR LICENSEE shall have the right, subject to Section 2.8 herein, to exercise the OPTION to negotiate a license to an IMPROVEMENT INVENTION under terms acceptable to OSU and the PRIOR LICENSEE.
The parties further acknowledge and agree that UTRF’s right to exercise the OPTION provided under Section 2.4 herein for any IMPROVEMENT INVENTION shall expire upon termination of this AGREEMENT.
OSU and UTRF agree to amend the AGREEMENT to include each licensed IMPROVEMENT INVENTION on Attachment A, which shall be incorporated by reference herein.
UTRF shall provide or require its LICENSEE to provide OSU with reasonable notice prior to filing a patent application containing any new matter claiming priority to an application for an EXISTING INVENTION or an IMPROVEMENT INVENTION.