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Is there an obligation to disclose or identify all intellectual property?

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Is there an obligation to disclose or identify all intellectual property?

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10

A. There is no obligation for Participants to identify patent rights which are the subject of a proprietary claim. If, however, a Participant owns patent rights with necessary claims, as defined above, which the Participant is unwilling to make available on a royalty free basis, then the Participant must identify such patent rights and its relevance to a Specification, and should do so at the earliest opportunity. If no intellectual property is identified, then the Participant has agreed that any patent rights with necessary claims are licensed on a royalty-free basis.

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