Tennessee Services Agreement between The University of Memphis and UTEK Corp. regarding commercial development of specific intellectual property and technology
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How to fill out Services Agreement Between The University Of Memphis And UTEK Corp. Regarding Commercial Development Of Specific Intellectual Property And Technology?
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FAQ
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
The Intellectual Property (IP) Clause, also known as the ?Patent and Copyright Clause? refers to Article I, Section 8, Clause 8 of the United States Constitution, which grants Congress the enumerated power "To promote the progress of science and useful arts, by securing for limited times to authors and inventors the ...
The transfer of intellectual property rights is made upon a payment of a lump sum or royalties. IP can either be assigned or licensed by the owner, allowing the commercial use of the asset in various forms. Apart from this, various other commercial arrangements also lead to the creation of IP.
What is an Intellectual Property Rights Agreement? Intellectual Property Rights Agreement is a lawful legal contract that specifies the terms and conditions of utilizing intellectual property assets between two or more people or organizations.
[This Intellectual Property Rights clause allocates the rights to possible inventions arising from the activities to be carried out by the Investigator to the Sponsor irrespective of who might be considered the inventor under law.
The Company shall retain all rights, title and interest and Intellectual Property Rights in any Company Intellectual Property created, conceived, developed, contributed to or improved upon by the Employee during the course of his Employment, shall vest with the Company upon such creation, conception, development, ...
Contractor Intellectual Property Contractor shall retain all right, title and interest in and to any work, ideas, inventions, discoveries, tools, methodology, computer programs, processes and improvements and any other intellectual property, tangible or intangible, that has been created by Contractor prior to entering ...
Description: Intellectual Property clauses indicate who will own any inventions, work product, and other intellectual property created, used, or disclosed under the agreement. The sample clause here is drafted for service agreements and is in favor of the Client (i.e., the Company).