Provision Language
30. Transfer and Licensing of Results
30.1 Transfer of Ownership of Results. Each beneficiary may transfer ownership of its results. It must however ensure that its obligations related to results under this agreement also apply to the new owner and this new owner has the obligation to pass them on in any subsequent transfer.
[…] [a] beneficiary that intends to transfer ownership of results must give at least 45 days advance notice to other beneficiaries that still have (or still may request) access rights to the result. This notification must include sufficient information on the new owner to enable any beneficiary concerned to assess the effects on its access rights.
Unless agreed otherwise (in writing) for specifically identified third parties, any other beneficiary may object within 30 days of receiving notification (or less if agreed in writing), if it can show that the transfer would adversely affect its access rights. In this case, the transfer may not take place until agreement has been reached between the beneficiaries concerned.
Notwithstanding the above, a beneficiary may, without the consent of the other beneficiaries but provided that the other beneficiaries are informed without undue delay and that the transferee agrees in writing to be bound by this agreement and the consortium agreement, transfer its results to any of the following: (a) its affiliated entity; (b) any purchaser of all or a substantial amount of its relevant assets; (c) any successor entity resulting from the merger with or consolidation of such a beneficiary. […]
30.2 Granting License. Provided that any access rights to the results can be exercised and that any additional obligations under this Agreement or consortium agreement are complied with by the beneficiary who owns results, the latter may grant licenses to its results (or otherwise give the right to exploit them) to any legal entity. […]
30.3 JU Right to Object to Transfers or Licensing. The JU may — up to four years after the first day of the month following the date the Agreement enters into force — object to a transfer of ownership or the exclusive licensing of results, if: (a) it is to a third party established in a non–EU country not associated with Horizon 2020 and (b) the JU considers that the transfer or license is not in line with EU interests regarding competitiveness or is inconsistent with ethical principles or security considerations.
A beneficiary that intends to transfer ownership or grant an exclusive license must formally notify the JU before the intended transfer or licensing takes place and:
- identify the specific results concerned;
- describe in detail the new owner or licensee and the planned or potential exploitation of the results;
- include a reasoned assessment of the likely impact of the transfer or license on EU competitiveness and its consistency with ethical principles and security considerations.
The JU may request additional information. […]