We have obtained a worldwide, exclusive, non-transferable intellectual property license incorporated into the cavitation technology developed by B Green, Inc. (“B Green”) to manufacture, manufacture, use, market, import, import, offer for sale, and sell cavitation equipment built from licensed intellectual property. Independent tests conducted by the University of Utah have shown that this proprietary technology increases the API gravity of hydrocarbons by lengthening hydrocarbon chains without cutting or cracking these chains. API gravity is the measure of the mass or lightness of petroleum liquid relative to water and is used in industry as a standard measure of viscosity. The API of recovered crude oil is increased, so that this crude oil can receive additional uses and generally at higher unit prices. The provisions of the federal Declaratory Judgment Act may affect our ability to monetize our intellectual property. Under the Federal Declaratory Judgment Act, it is possible for a party who we believe infringes our intellectual property to bring an action against us in order to obtain a declaratory judgment that that party does not infringe our intellectual property rights. In such a case, the plaintiff could choose the court in which the action is to be brought, and we would be the defendant in the action. Common claims of determination in patent cases are claims of non-infringement, patent invalidity and unenforceability. Although filing a lawsuit requires a claim or controversy, a court may find a letter from us to the alleged infringer requesting a royalty for the use of our intellectual property rights as the basis for a controversy. In such a case, it is the plaintiff, not us, who would choose the court before which the action is to be brought and the time of the action. In addition, if we take legal action as a plaintiff, we may be able to enter into a contingency fee agreement with the attorney, it is possible that the attorney may be less willing to accept such an agreement if we are the defendant.
In addition, we would not have the opportunity to choose against which party the action should be brought. An adverse decision in a declaratory action could significantly affect our ability to monetize the intellectual property rights that are the subject of the dispute. We were accused in a declaratory action that led to a settlement. We cannot guarantee that potential infringers will not be able to use the Declaratory Act to reduce our ability to monetize the patents that are the subject of the lawsuit. You need to take the time to think about how you want to use the IP address and whether you want to assign or license the intellectual property. While IP clauses are not a long part of an agreement, it is important to ensure that the clause is worded in a way that meets your needs. (b) Assignment. The Officer agrees to assign to the Company and hereby assigns to the Company all intellectual property rights that may arise during the term of this Agreement. See Assignment of intellectual property for additional elements such as notification and collaboration. Trademarks and service marks, including all applications and registrations, and the goodwill associated with the use and symbolization of the foregoing, other intellectual property rights and related proprietary rights, interests and protections (including all rights to sue, collect and hold damages, costs and attorneys` fees for past, present and future violations and all other rights relating to the Above). There are many types of intellectual property, including trademarks, copyrights, and patents.
A trademark protects a word, phrase, symbol, slogan and/or design that identifies and distinguishes the source of an owner`s goods and/or services from the goods and/or services of others. A copyright protects original artistic or literary works that are fixed in a tangible medium of expression and includes, for example, books, photos, music, visual arts, videos, films, recordings and architecture – as well as software. A “utility model” protects new and useful processes, machines and compositions, and a special type of patent protects decorative designs. Intellectual property. The Employee agrees to confer upon the Employer all present and future rights, title and interest in and to any intellectual property (“Intellectual Property”) created or discovered in connection with the Employee`s employment with the Employer. Intellectual property includes, but is not limited to, algorithms, code, concepts, developments, designs, discoveries, ideas, formulas, improvements, inventions, processes, software, trademarks and trade secrets. Intellectual property also includes tangible embodiments (e.B drawings, notes) of intangible objects. Common variants describe how the intellectual property created during the agreement will be owned by one or both parties – either only by the party that created it, or jointly between the two parties as co-authors.
Changes. “Changes” means any additions, updates, enhancements, bug fixes, new versions or other changes made to the Licensed Intellectual Property by either party during the course of this Agreement. Similarly, other provisions of SaaS agreements must stipulate that the services are provided only through the provider`s platform and that the customer is not allowed to host the software on its own platform. A provider can avoid any ambiguity in the wording of the intellectual property protection provisions in SaaS agreements by clearly stating that it provides the service exclusively by granting the customer access to the provider`s own servers. The wording of the contract must not indicate or imply that the supplier only provides software to the customer. 8. Representations and Warranties. Often hot-negotiated terms typically include: the IP owner`s representations and warranties regarding the validity of licensed IP rights; Confirmation that the license does not infringe any intellectual property rights of third parties; and licensee`s agreement to indemnify the owner of the intellectual property for all losses caused by its actions and/or omissions, as well as for any limitation of Licensee`s liability to them. Section 4.03.
Transfer of intellectual property. The Executive hereby agrees to transfer to the Company or any other member of the Youdao Group, as designated by the Company, all intellectual property rights in the Works created during employment or other intellectual property rights that are considered professional work under applicable laws and regulations (the Professional Works). The intellectual property rights mentioned in this section apply to all current and future intellectual property rights, including but not limited to patents, trademarks or copyrights in any country, whether registered or not. The manager agrees that throughout the employment relationship and at any time thereafter, he will prepare the necessary documents and take the necessary measures to implement the above transfer of professional work. The Executive has acknowledged that, to the extent permitted by applicable laws and regulations, the Company holds all rights and interests in the Professional Works, including patents or copyrights. The Manager further agrees that, throughout employment and at any time thereafter, at the request of the Company, the Manager and his heirs, assign and exclusively represent all rights, title and interest in the professional work to the Company or any other member of the Youdao Group, as designated by the Company, and in the preparation and execution of all applications and instruments and in the performance of other tasks. or the required support procedures. in accordance with the laws and regulations applicable to the Company or any other member of the Youdao Group, as designated by the Company, to obtain and maintain the patent and other intellectual property rights in all applicable jurisdictions and/or the rights and interests of the Company or any other member of the Youdao Group designated by the Company in the Professional Works, to protect. (m) Intellectual property.
The Company and each of its subsidiaries own or are authorized to use all intellectual property necessary for the conduct of its business in the form currently exercised, with the exception of intellectual property, which cannot be expected to have a significant adverse effect, either individually or as a whole. .
