Legal issue

Does the university grant the company arising intellectual property rights?

1 clause

Clause summary and textFavoured partyAuthorGoverning lawSource

University grants company right to use its intellectual property for internal research and development

1.1.The University hereby grants to the Company and its Affiliates, a royalty-free, irrevocable, non-transferable, non-exclusive, right and licence to use its Arising Intellectual Property for the sole purpose of internal research and development.
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