IPR Assignment definition
Examples of IPR Assignment in a sentence
In addition, and notwithstanding anything to the contrary herein, Rallybio shall be entitled to offset against royalties due to Prophylix [***]of any royalties that may become due under the Tromsø License or IPR Assignment Agreement.
Prophylix has sole and exclusive, good and marketable title to all of the Acquired Assets, including the Intellectual Property described in the IPR Assignment Agreement, and such title shall be fully transferred, conveyed and assigned to Rallybio at the Closing.
The Parties further agree that Rallybio shall offset Prophylix’s share of the Sign-On Fee against the payment to be made to Prophylix at Closing as provided in Section 3.1, and Rallybio shall pay the entire Sign-On Fee in accordance with Section 4.1(A) of the IPR Assignment Agreement following the assignment to, and assumption by, Rallybio of the IPR Assignment Agreement.
All defined terms (except for Assignor, Assignee and Thales, which shall have the meanings set out in this Agreement) shall have the meanings set out in the Thales IPR Assignment.
Within two (2) months of the Closing, the Company shall cause each of the non-Key Party employees, directors, and consultants of any Group Company to enter into an IPR Assignment, Non-Competition and Confidentiality Agreement with an appropriate Group Company, if he or she has not already done so.