Master Alliance Provisions Guide (MAPGuide)

Visterra – Serum Institute of India, Dengue Fever Therapeutic, License and Collaboration Agreement

  • Intellectual property | Ownership of IP

ARTICLE 9. INTELLECTUAL PROPERTY

9.1. Ownership of Inventions. Each Party shall own any inventions made solely by its own employees, agents, or independent contractors in the course of conducting its activities under this Agreement, together with all intellectual property rights therein (“Sole Inventions”). The Parties shall jointly own any inventions that are made jointly by employees, agents, or independent contractors of each Party in the course of performing activities under this Agreement, together with all intellectual property rights therein (“Joint Inventions”). Inventorship shall be determined in accordance with U.S. patent laws. All patents claiming patentable, jointly owned Joint Inventions shall be referred to herein as “Joint Patents.” Except to the extent otherwise set forth in this Agreement, each Party shall be entitled to practice and exploit (including through the grant of licenses and covenants not to sue) the Joint Inventions without a duty of accounting or seeking consent from the other Party.