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A3 Intellectual Property, etc.: The fourth section—Disclosure; Patent Protection; Payment of Costs--of Appendix 3 does not provide in the event the Research Institution assigns to BP or 3rd party, all rights in Inventions that the Research Institution elects not to pursue, the Research Institution shall retain an irrevocable, non-exclusive, worldwide, fully paid-up, royalty-free, perpetual license to use for research and educational purposes.

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At the time of assignment of any non-elected subject matter, the parties may consider entering into an irrevocable, non-exclusive, worldwide, fully paid-up, royalty-free, perpetual license to the Research Institution only to use the non-elected subject matter for research and educational purposes, provided that BP retains an irrevocable, non-exclusive, worldwide, fully paid-up, royalty-free, perpetual license, with the right to extend the license to its affiliated entities and each of its and their respective commercial or research collaborators, to make, have made, sell, offer to sell, import, reproduce, distribute, perform, display, prepare derivative works, and otherwise use and have used improvements made to the non-elected subject made by the Research Institution.
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