Patent definition
Examples of Patent in a sentence
Neither Party A nor Party B shall assign, transfer, or pledge their own share in Subject Patent 1 and Subject Patent 2 without the prior written consent of the other party.
Neither Party A nor Party B shall establish or grant license rights (whether exclusive or non-exclusive) regarding Subject Patent 1 and Subject Patent 2 to any third party without the prior written consent of the other party.
Notwithstanding the preceding paragraph, entrusting the manufacture of compounds or compositions based on the inventions related to Subject Patent 1 and Subject Patent 2 to a third party, regardless of the legal form, and granting licenses to said third party to the extent necessary for such entrustment shall not be restricted.
In the event that Party A or Party B transfers all or part of Subject Patent 1 to a third party with the consent of the other party, they shall cause the assignee to succeed to the payment obligation related to inventor compensation defined in Article 5 in the contract related to said transfer.
Party B covenants that regarding the inventions related to the shares of Subject Patent 1 and Subject Patent 2 to be acquired pursuant to the preceding Article, it shall implement them only for uses related to ▇▇▇▇▇▇▇▇▇’▇ disease and shall not implement them for any other uses.