Know-How definition
Examples of Know-How in a sentence
There have been no claims, judgments, settlements, disputes, or arbitration, pending or threatened, against Vir Bio or any of its Affiliates relating to (i) the Licensed Patents or Licensed Know-How or Vir Bio’s ownership of any of the foregoing, or (ii) the Licensed Compounds or Licensed Products existing as of the Effective Date.
The conception, development, and reduction to practice of the inventions claimed in the Licensed Patents or disclosed in the Licensed Know-How have not constituted or involved the misappropriation of trade secrets or other rights or property of any Person.
Each Party retains all of its rights, title, and interest under Patents, Know-How, or other intellectual property rights Controlled by such Party to the extent not expressly granted to the other Party pursuant to this Agreement or an Ancillary Agreement.
The Transition Plan shall include the assignment of Data, Licensed Know-How, and transfer of oversight and responsibility for the Ongoing Phase 1 Clinical Study and all Regulatory Documentation in accordance with Section 5.1.2 (Transfer of Regulatory Responsibilities).
During the U.S. P&L Share Term, each Party shall notify the other Party, through the JSC, if it becomes aware of any Patent, Know-How, materials, or other asset that may be controlled by a Third Party that may be necessary or reasonably useful to the Exploitation of the Licensed Products in the Field (“Third Party IP”).