Intellectual Property Rights

Any intellectual property rights or such information/knowledge being able to sustain or create any such right arising out of the proposed institutional interactions between ISRO and IIIT-Allahabad on their joint intellectual input will be held jointly by the Parties and shall be used or assigned in terms of joint written agreement duly executed between the Parties.

Each Party shall inform other Party before filing for patent resulting from any of the project jointly carried out. The expenses for filling the Patenet protection (related to this MoU) in India and abroad shall be borne equally between both the parties. Any/all financial accruals due to any commercial exploitation, of this patent shall be shared equally by the parties, on a 50:50 bases.

Each Party will ensure appropriate protection of Intellectual Property Rights generated from cooperation pursuant to MoU. consistent with laws, rules and regulations of India.

In case research is carried out solely and separately by the Party or the research results are obtained through the sole and separate effort of the party, the party concerned alone will apply for grant of IPR and once granted, the IPR will be solely owned by the concerned Party.

The parties shall not assign any rights and obligations arising out of the IPR generated to inventions/activities carried out under the MoU to any third party with out prior written consent of the other Party.

All disputes concerning intellectual property rights and othe commercial rights arising out any activities performed under this MoU or agreement related thereto shall be settled through mutual deliberations in terms of applicable laws in consonance with international law and public policy.