TKT definition
Examples of TKT in a sentence
TKT shall be responsible for the filing, prosecution (including oppositions) and maintenance of all patent applications and patents which make up the TKT Patent Rights and such other registrations related to the TKT Technology.
All right, title and interest in all writings, inventions, discoveries, improvements and other technology, whether or not patentable or copyrightable, and any patent applications, patents or copyrights based thereon (collectively, the "Inventions") that are discovered, made or conceived during and as a result of the Research Phase or the Development Phase solely by employees of TKT or others acting on behalf of TKT ("TKT Inventions") shall be owned by TKT.
TKT shall proceed diligently with the work set out in the Research Program using its best efforts using commercially reasonable means consistent with those used by TKT for other projects with a similar commercial potential.
TKT represents and warrants that it has full power and authority to grant the license set forth in Article 3 hereof and that there are no agreements, assignments, encumbrances or other arrangements inconsistent with this Agreement including, without limitation, any obligations to governmental agencies, private foundations or corporate entities resulting from acceptance of research grant monies, equity investments, corporate sponsorships or otherwise.
The conduct of the Research Program shall be the primary responsibility of TKT and shall take place primarily at TKT's facilities in Cambridge, Massachusetts.
If requested by the other party, TKT and MMD shall cause appropriate individuals working on the Development Phase to be available for meetings at the location of the facilities where such individuals are employed at times reasonably convenient to the party responding to such request.
Notwithstanding the foregoing, MMD shall not be precluded from contesting the validity or enforceability of the TKT Patent Rights or TKT Technology.
Notwithstanding the termination of this Agreement pursuant to this Article VII, any sublicenses of Patent Rights granted by TKT hereunder prior to such termination shall survive such termination.
Upon the expiration of *********************** following the end of any fiscal year, the calculation of royalties payable with respect to such year shall be binding and conclusive upon TKT; and MMD and its sublicensees shall be released from any liability or accountability with respect to royalties for such year.
Promptly after the Effective Date, a joint committee comprised of up to four named representatives of MMD and up to four named representatives of TKT (the "Development Committee") shall be appointed.