Issue link: https://htpgraphics.uberflip.com/i/116750
Emily's Spin-out Company SCENARIOS OPERATIVE PROVISIONS 1. DEFINITIONS In this Assignment, the following expressions have the following meanings unless inconsistent with the context: 'Intellectual Property' All industrial and intellectual property rights, used in respect of or relating directly or indirectly to the Research Work subsisting in any part of the world, including but not limited to the Patent, patents, trade marks, trade names, service marks, copyright, rights in design, rights in databases, know-how, confidential information and all or any other intellectual or industrial property rights whether or not registered or capable of registration and whether subsisting in the United Kingdom or any other part of the world together with all or any goodwill relating to them. 'Patent' UK Patent Number GB3356789. 'Research Work' All work which has been undertaken by or on the premises of the Institute, including but not limited to work undertaken by Dr Emily Wynott and/or Prof. Ivor Table and/or any member of their research group, relating either directly or indirectly to the treatment of cancer and/or the Patent. 2. ASSIGNMENT In consideration of the allotment of 60 shares of £1 each in the capital of the Assignee (credited as fully paid) up plus the payment to the Institute of any VAT chargeable (receipt of which is acknowledged by the Institute), the Institute assigns to the Assignee the Intellectual Property with full title guarantee. 37