Define: Improvement
a material enhancement to the functionality of any of the Materials created in the course of the Project, except a new use discovered for any of the Materials;
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
a material enhancement to the functionality of any of the Materials created in the course of the Project, except a new use discovered for any of the Materials;.
Relevant Circumstances
- When project work materially enhances licensed or supplied materials
- If ownership of improvements differs from underlying IP rights
- Where licence-back or step-in rights apply to project-derived improvements