JOMA definition
JOMA means the joint ownership management agreement to be entered into between the Owning Parties of jointly owned Foreground IP to be based substantially on the national Joint Ownership Management Agreement described in Schedule 5;
Examples of JOMA in a sentence
Such JOMA shall specify one of the Owning Parties as the Lead Owning Party for the purpose of Commercialisation of the jointly owned Foreground IP.
The Parties agree that all Foreground IP shall be owned by the Parties as follows: Foreground IP generated by the Personnel of a single Party shall be solely owned by that Party; and Foreground IP generated by the Personnel of more than one Party shall be jointly owned and the Owning Parties shall enter into a JOMA within six months from the time of creation of such Jointly-Owned Foreground.