Background IP definition
Examples of Background IP in a sentence
Subject to the terms and conditions of this Agreement and the applicable Statement of Work, each Party hereby grants to the other Party a non-exclusive, non-transferable, royalty-free, limited license to use one or more of the Background IP, Project Materials, Data, and Background Data applicable to a Research Project solely to the extent necessary to perform the applicable Research Project during the term of the applicable Statement of Work.
Except as expressly provided in this Agreement or an applicable Statement of Work, nothing herein shall be construed as transferring or granting any ownership interest in a Party's Project Materials, Background Data, or Background IP to the other Party.
To the extent an Aspira Application/Patent incorporates (i) CCF Background IP, (ii) CCF Background Data, or (iii) Joint Project IP, Aspira shall provide CCF and its counsel with a reasonable opportunity to review and comment on such Aspira Application/Patent prior to filing.
Each Party also owns and will retain all ownership rights in such Party's Background IP.