Proprietary Asset definition
Examples of Proprietary Asset in a sentence
Should BioNTech (or its Affiliates or Sublicensees) acquire any ownership rights in any BMS Corporate Mark or BMS Proprietary Asset Mark, BioNTech shall (and shall procure that its Affiliates and Sublicensees will), and hereby does, assign any such rights to BMS (or its applicable Affiliate), to the extent legally permissible, and, to the extent not legally permissible, waive such rights.
For clarity, no BioNTech Corporate Marks or BMS Corporate Marks or BioNTech Proprietary Asset Marks or BMS Proprietary Asset Marks, nor any variants, derivatives, translations or transliterations thereof, shall be deemed a Collaboration Trademark.
In all cases, BMS or its Affiliates shall remain the owner of the BMS Corporate Marks and the BMS Proprietary Asset Marks (and of all trademark rights therein and all trademark registrations and applications therefor) and the goodwill pertaining thereto.
Within [***] after receipt of such High-Level Proprietary Asset Combination Description Notice, the non-proposing Party shall notify the proposing Party if it has any Directly Competitive products with respect to the Proprietary Asset proposed to be Developed in such Combination Therapy (or Combination Product, as applicable).
Should BMS (or its Affiliates or Sublicensees) acquire any ownership rights in any BioNTech Corporate Mark or BioNTech Proprietary Asset Mark, BMS shall (and shall procure that its Affiliates and Sublicensees will), and hereby does, assign any such rights to BioNTech (or its applicable Affiliate), to the extent legally permissible, and, to the extent not legally permissible, waive such rights.