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  • CRA Liabilities

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    The document discusses confidentiality, indemnification, rights, exploitation of results, and publications regarding a collaboration agreement between multiple parties. It states that [1] all parties must maintain strict confidentiality of all information and data exchanged during the project; [2] one party will be responsible for liabilities incurred by another; and [3] the parties have the right to keep intellectual property brought to the project separately from work conducted under the agreement. It also outlines requirements for royalty payments if results are commercially exploited, rights of first refusal, and permissions needed if interests are transferred to third parties. Finally, it specifies that publications cannot violate the established intellectual property and rights terms.

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    CRA liabilities

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    The document discusses confidentiality, indemnification, rights, exploitation of results, and publications regarding a collaboration agreement between multiple parties. It states that [1] all parties must maintain strict confidentiality of all information and data exchanged during the project; [2] one party will be responsible for liabilities incurred by another; and [3] the parties have the right to keep intellectual property brought to the project separately from work conducted under the agreement. It also outlines requirements for royalty payments if results are commercially exploited, rights of first refusal, and permissions needed if interests are transferred to third parties. Finally, it specifies that publications cannot violate the established intellectual property and rights terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    0 views2 pages

    CRA Liabilities

    Uploaded by

    hersheyrawat29
    The document discusses confidentiality, indemnification, rights, exploitation of results, and publications regarding a collaboration agreement between multiple parties. It states that [1] all parties must maintain strict confidentiality of all information and data exchanged during the project; [2] one party will be responsible for liabilities incurred by another; and [3] the parties have the right to keep intellectual property brought to the project separately from work conducted under the agreement. It also outlines requirements for royalty payments if results are commercially exploited, rights of first refusal, and permissions needed if interests are transferred to third parties. Finally, it specifies that publications cannot violate the established intellectual property and rights terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    6.

    Confidentiality

    During the tenure of the Agreement, all the parties, undertake to maintain strict confidentiality
    and refrain from disclosure thereof, of all or any part of the information and data
    exchanged/generated from the project for any purpose other than in accordance with this
    Agreement. It shall be the responsibility of all parties to ensure maintenance of such
    confidentiality in respect of their behalf and on behalf of their employees, representatives and
    associates involves in the Project.

     Liable to maintain confidentiality


     Liability will arise when there’ll be Breach of Confidentiality

    7. Indemnification

     The indemnifying party becomes responsible for a liability


     Liability will arise when the loss occurs.
    8. Right

    8.1 and 8.2 Right to keep the IP Rights bought before this agreement and outside the scope of
    this agreement. The same shall remain the property of the party.

    8.3 Right to ownership and the cost sharing - in the equal ratio

    Cost of filing and maintenance of Project IP – Liable to do so

    10. Exploitation of the Results

    10. 1 If the collaborator is a Company, they will pay royalty of …… (negotiated


    rate) of the annual revenue from the Net Sales of such resultant
    Product/Technology to CMIE - AIIMS for a period of 10 years (negotiated
    duration) from the date of occurrence of the event of Commercial exploitation.
    Royalty for each financial year shall be payable within 60 (sixty) days of close of
    corresponding financial year.
     Liable to pay royalty
     Liability will arise when the collaborator will not pay royalty.

    10.2 Right

    If the collaborating Party is a Company, it will have the first right of refusal
    regarding the commercial exploitation of the resultant product unless agreed
    otherwise between the parties.

    If the Company collaborator intends to transfer or sell/ assign the Product’s interests to any third
    party, it shall take prior written permission from AIIMS and AIIMS will recover the due
    Royalty amount at the applicable percentage of the net resultant income excluding tax and
    actual expenses incurred towards maintenance of related IP rights, as certified by the Chartered
    Accountant.

     Right of AIIMS to recover due royalty and Liability of Co. Collaborator to pay the due
    Royalty.

    11. Publications & Acknowledgement

    The Parties will not publish/present in any manner with regard to the work results which will be
    in derogation to the creation and protection of IP and related rights as stated above.

     The parties are liable to publish/present in the prescribed manner.


     Liability will arise if they publish/present in violation of the same.

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