Common use of Ownership and Licenses Clause in Contracts

Ownership and Licenses. 6.1 Except as otherwise explicitly licensed or transferred as provided herein, each party will, as between it and the other party hereto, retain ownership of any and all inventions, copyrights, trade secrets, patent rights and other technology and rights to the extent conceived or developed by its personnel or contractors (other than the other party hereto). Neither party makes any grant of rights by implication. TIMERx Technologies will retain ownership in (but Schwxxx Xxxrma shall have the right to use within the scope of its licenses) all Dissolution Profile Studies and Pilot Biostudies and Schwxxx Xxxrma will retain ownership of its Pivotal Biostudies and its ANDA. Except as otherwise provided herein, each party shall be responsible, as it shall determine, for the filing and prosecution of any and all patent applications with respect, in whole or in part, to its own intellectual property and for the maintenance of any available patent protection with respect thereto; provided however, that neither party commits that any such patent protection will be available or continuous hereunder.