Common use of Ownership of Product Trademarks Clause in Contracts

Ownership of Product Trademarks. Subject to the license grants in Article 3, the Parties shall each own an equal, undivided interest in each Product Trademark with respect to a Collaboration Product. In the event that a Party Opts-Out with respect to a Collaboration Product, it shall, without any additional consideration, assign all of its right, title and interest in and to any Product Trademark with respect to such Collaboration Product or Unilateral Product to the non-Opting-Out Party; provided, however that each Party shall retain all of its right, title and interest in and to any Product Trademarks with respect to Dormant Products.

Appears in 3 contracts

Samples: Collaboration Agreement (Northwest Biotherapeutics Inc), Collaboration Agreement (Northwest Biotherapeutics Inc), Collaboration Agreement (Northwest Biotherapeutics Inc)

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Ownership of Product Trademarks. Subject to the license grants in Article 3, the Parties shall each own an equal, undivided interest [*] in each Product Trademark with respect to a Collaboration Product. In the event that a Party Opts-Out with respect to a Collaboration Product, it shall, without any additional consideration, assign all of its right, title and interest in and to any Product Trademark with respect to such Collaboration Product or Unilateral Product to the non-Opting-Out Party; provided, however however, that each Party shall retain all of its right, title and interest in and to any Product Trademarks with respect to Dormant Products.

Appears in 2 contracts

Samples: Collaboration Agreement (Seattle Genetics Inc /Wa), Collaboration Agreement (Seattle Genetics Inc /Wa)

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Ownership of Product Trademarks. Subject to the license grants in Article 3, the Parties shall each own an equal, undivided interest in each Product Trademark with respect to a Collaboration Product. In the event that a Party Opts-Out with respect to a Collaboration Product or Unilateral Product, it shall, without any additional consideration, assign all of its right, title and interest in and to any Product Trademark with respect to such Collaboration Product or Unilateral Product to the non-Opting-Out Pursuing Party; provided, however however, that each Party shall retain all of its right, title and interest in and to any Product Trademarks with respect to Dormant Products.

Appears in 1 contract

Samples: Collaboration Agreement (Healthcare Acquisition Corp)

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