Framework Agreement on Cooperation in the Peaceful Uses of ...
Framework Agreement on Cooperation in the Peaceful Uses of ...
Framework Agreement on Cooperation in the Peaceful Uses of ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
will be allocated <strong>in</strong> accordance with Secti<strong>on</strong> IIB I above. In additi<strong>on</strong>, each pers<strong>on</strong> named as an<strong>in</strong>ventor will be entitled to share <strong>in</strong> a porti<strong>on</strong> <strong>of</strong> any royalties earned by <strong>the</strong>ir <strong>in</strong>stituti<strong>on</strong> from <strong>the</strong>licens<strong>in</strong>g <strong>of</strong> <strong>the</strong> property.(b) Notwithstand<strong>in</strong>g Paragraph 2 (a) above, if a type <strong>of</strong> Intellectual Property is available under<strong>the</strong> laws <strong>of</strong> <strong>on</strong>e Party but not <strong>the</strong> o<strong>the</strong>r Party, <strong>the</strong> Party whose laws provide for this type <strong>of</strong>protecti<strong>on</strong> will be entitled to all rights and <strong>in</strong>terests <strong>in</strong> all countries which provide rights to suchIntellectual Property. Pers<strong>on</strong>s named as <strong>in</strong>ventors <strong>of</strong> <strong>the</strong> Property will n<strong>on</strong>e<strong>the</strong>less be entitled toroyalties as provided <strong>in</strong> Paragraph 2 (a) above.III. BUSINESS-CONFIDENTIAL INFORMATIONIn <strong>the</strong> event that <strong>in</strong>formati<strong>on</strong> identified <strong>in</strong> a timely fashi<strong>on</strong> as Bus<strong>in</strong>ess-C<strong>on</strong>fidential is furnishedor created under <strong>the</strong> <str<strong>on</strong>g>Agreement</str<strong>on</strong>g>, each Party and its participants will protect such <strong>in</strong>formati<strong>on</strong> <strong>in</strong>accordance with applicable laws, regulati<strong>on</strong>s, and adm<strong>in</strong>istrative practice. Informati<strong>on</strong> may beidentified as "Bus<strong>in</strong>ess-C<strong>on</strong>fidential" if a pers<strong>on</strong> hav<strong>in</strong>g <strong>in</strong>formati<strong>on</strong> may derive an ec<strong>on</strong>omicbenefit from it or may obta<strong>in</strong> a competitive advantage over those who do not have it, <strong>the</strong><strong>in</strong>formati<strong>on</strong> is not generally known or publicly available from o<strong>the</strong>r sources, and <strong>the</strong> owner hasnot previously made <strong>the</strong> <strong>in</strong>formati<strong>on</strong> available without impos<strong>in</strong>g <strong>in</strong> a timely manner anobligati<strong>on</strong> to keep it c<strong>on</strong>fidential.6