TPTX » Topics » 5.1 Ownership of Inventions.

This excerpt taken from the TPTX 8-K filed Oct 10, 2006.
5.1          Ownership of Inventions. Ownership of inventions conceived through the use or practice of any Licensed Technology or Research Technology shall be determined in accordance with U.S. laws of inventorship. For the avoidance of doubt, Neurogenetics shall own all Know-How conceived, reduced to practice or generated by its employees or consultants through the use or practice of the Licensed Technology or the Research Technology, including all intellectual property rights on or in any of the foregoing, and LSRI shall own all Know-How conceived, reduced to practice or generated by its employees or consultants through the use or practice of the Research Technology, including all intellectual property rights on or in any of the foregoing.

 

The parties shall obtain appropriate agreements from all personnel or outside contractors participating in the development hereunder, as necessary to assign to Neurogenetics and/or LSRI all right, title and interest in and to any invention that may be developed as a result of the work performed under this Agreement relating to Licensed Compound, Additional Compound, Licensed Product and Additional Product.

 

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