Spark IP definition

Spark IP means the Spark Background IP, the Spark Field-Specific Improvement IP and Spark-Assigned Gene Therapeutic Improvement IP.
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Spark IP means the Spark Background IP, the Spark Collaboration IP and Spark’s interest in the Joint Collaboration IP.
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Spark IP means the Intellectual Property that is Controlled by Spark as of the Effective Date or during the Term and reasonably necessary or useful for the Development or Commercialization of Luxturna in the Field in the Novartis Territory. The term Spark IP shall not include any Spark Manufacturing IP.
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Examples of Spark IP in a sentence

  • If any Patent included in the Spark IP is implicated by the Third Party Infringement, Declaratory Judgment Action or Third Party Challenge, Spark shall have the sole right (but not the obligation) to undertake an Enforcement Action as to such Patent, at its sole expense.

  • If Clearside requests a royalty-bearing, exclusive license outside the Field under Spark IP related to improvements to Clearside IP as described (other than its royalty-bearing and exclusive nature) in clause (ii) above, and Spark is willing in its discretion to grant such license, Clearside and Spark will negotiate a mutually acceptable royalty therefor and document such license and royalty in a separate agreement.

  • Novartis acknowledges that its ActiveUS 166647742v.1 rights with respect to such Spark IP are subject to the terms and conditions of the applicable Existing Spark Agreements, including rights reserved to Third Parties set forth therein.

  • Spark shall have the sole right to Handle Patent Rights included in the Spark IP worldwide (“Spark Patent Rights”).

  • Nothing in this Agreement shall affect Spark’s ownership of the Spark IP existing as the Effective Date or Novartis’ ownership of the Novartis IP existing as of the Effective Date, which in each case shall remain owned by the Party having such rights.