Joint Ownership. As between the Parties, each Party shall own an equal, undivided interest in and to any and all Joint Collaboration Patents and Joint Collaboration Know-How. At each IPC meeting, each Party shall disclose to the other Party in writing the making or conception of any Joint Collaboration Know-How. Subject to the terms of ARTICLE 5, each Party shall have the right to Exploit (including by way of granting licenses or otherwise) the Joint Collaboration Patents and Joint Collaboration Know-How without a duty of seeking consent or accounting to the other Party.

Joint Collaboration IP. As between the Parties, the Parties will each own an equal, undivided interest in all Joint Collaboration IP. Each Party will have the right to exploit the Joint Collaboration IP without a duty of seeking consent or accounting to the other Party.