6. PATENT MANAGEMENT ORGANIZATIONS WITH WHICH IPA HOLDERS HAVE AGREEMENTS Research Corporation California Institute Research Foundation Battelle Development Corporation University of Illinois Foundation University of Iowa Research Foundation Iowa State University Research Foundation, Inc. The Kansas University Endowment Association The Ohio State University Research Foundation The Pennsylvania Research Corporation Concept Development Corporation Noned Corporation Rutgers Research and Educational Foundation Wisconsin Alumni Research Foundation , 1953, THIS AGREEMENT, made this 3-d day of Merch between THE UNIVERSITY OF ROCHESTER, a New York corporation with offices at 15 Prince Street, Rochester, New York, hereinafter called "UNIVERSITY", and RESEARCH CORPORATION, a New York corporation with offices at 405 Lexington Avenue, New York 17, New York, hereinafter called "RESEARCH": WITNESSETH THAT: A. WHEREAS, UNIVERSITY believes that patentable inventions may be made by members of its faculty, its associates or employees and desires to have such inventions evaluated for patentability and commercial and scientific utility, and to have patent applications filed thereon where justified; and B. WHEREAS, UNIVERSITY desires that all of these inventions be administered in an effective manner and with due regard for the public interest; and C. WHEREAS, UNIVERSITY further desires that any net income from these inventions be used to provide means for the advancement and extension of technical and scientific investigation, research, experimentation and education; and D. WHEREAS, RESEARCH has had broad experience in the handling of inventions and patents and in making them more available and effective in the useful arts and manufactures and for scientific purposes and otherwise; and WHEREAS, RESEARCH 18 a corporation organized for the purpose of providing means for the advancement and extension of technical and scientific investigation, research and experimentation, no part of the net earnings of which inuras to the benefit of any private shareholder or individual: NOW, THEREFORE, in consideration of the mutual covenants and undertakings herein contated, the parties DO AGREE AS FOLLOWS: 1. UNIVI ITY'S Duties: UNIVERSITY grees to: 1) Recommend to members of its faculty, its associates and employees, in such cases as UNIVERSITY may in its discretion determine, that they assign to RESEARCH such inventions as they may make. 2) Afford to RESEARCH, upon request, the advice and assistance of UNIVERSITY'S faculty, associates and employees, in seeking patents upon such inventions or introducing them into putlic use, without obarge therefor, but solely to the extent that the giving of such advice and assistance will not interfere with their normal academic duties with or for IVERSITY. 3) Act upon and/or accept such tenders and assignments as may be made to it by RESEARCH under this agreement. RESEARCH &grees at its own sols II. RESEARCH'S Duties: cost and expense to: 1) Accept such of said inventions as it may determine, in its discretion, should be made the subject of patent applications. 2) File United States patent applications thereupon, and prosecute the same in good faith with the intention of seaux ing issuance of patents. 3) File corresponding foreign patent applications thersupon, and prosecute the same in good faith with the intention of securing issuance of ra tents thereon, and maintain such patents and cause them to be worked, all to the extent that it may in its discretion determine. 4) Use its best efforts to introduce such inventions, patent applications, and patents into public use, and secure & reasonable revenue therefrom, by issuing licenses thereunder or otherwise; provided, first, that RESEARCH shall not mortgage or past with title to any such invention, patent application or patent (except pursuant to Article II, paragraph 10, or Article IV, paragraph 1(b), of this agreement) without the prior written consent of UNIVERSITY in each case first obtained; and provided, further, that RESEARCH shall not issue to any person, firm or corporation, under any such invention, patent application or patent any license to be exclusive, in favor of the licensee thereunder, for a period of more than seven (7) years from the issuance of such license, without the prior written consent of UNIVERSITY in each case first obtained. 5) Issue to each inventor so assigning to it a letteragreement, substantially in the form attached here to as Exhibit A, entitling him to participation hereunder. 6) Pay to each such inventor, his heirs, assigns and personal representatives, not later than March 15 in each year a fixed percentage (to be determined by UNIVERSITY in each case and communicated by it to RESEARCH) not exceeding a total of fifteen (15%) per centum, of all moneys received by it against the preceding calendar year by reason of RESEARCH'S ownership and/or management of such inventions, patent applications and patents, as he shall be entitled to under the pertinent letteragreement or letter-agreements issued under Article II, paragraph 5, bereof, and furnish to him simultaneously a report showing the Oazputation thereof. not 7) Pay to UNIVERSITY, its successors and assigns, later than March 15 in each year, fifty per oentum (50%) of the sum remaining of all moneys received by it against the preoeding calendar year by reason of its ownership and/or management of all such inventions, patent applications and patents, following subtraction of (a) payments made to inventors pursuant to Article II, paragraph 6, hereof, and (b) retention by RESEARCH of any mounts needed to reimburse it for such expenses of (1) filing |