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NY12529:327920.4
INTELLECTUAL PROPERTY OWNERSHIP AGREEMENT
BETWEEN
AND
[SUPPLY HOLDCO]
NY12529:327920.4
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
ARTICLE II
INTELLECTUAL PROPERTY ALLOCATION OF OWNERSHIP
2.1 Assignment........................................................................................................................ 2
2.2 Prior Grants ....................................................................................................................... 2
2.3 Assignment Disclaimer ..................................................................................................... 2
2.4 Third Party Technology. ................................................................................................... 2
ARTICLE III
PROTECTION OF INTELLECTUAL PROPERTY
ARTICLE IV
DATABASE INFORMATION AND RIGHTS
ARTICLE V
CONFIDENTIALITY
ARTICLE VI
DISPUTE RESOLUTION
ARTICLE VII
LIMITATION OF LIABILITY
ARTICLE VIII
MISCELLANEOUS PROVISIONS
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8.6 Descriptive Headings ........................................................................................................ 5
8.7 Notices............................................................................................................................... 6
8.8 Nonassignability................................................................................................................ 6
8.9 Severability........................................................................................................................ 6
8.10 Failure Or Indulgence Not Waiver; Remedies Cumulative .............................................. 7
8.11 Amendment ....................................................................................................................... 7
8.12 Counterparts ...................................................................................................................... 7
8.13 Governmental Approval.................................................................................................... 7
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INTELLECTUAL PROPERTY OWNERSHIP AGREEMENT
RECITALS
ARTICLE I
DEFINITIONS
For the purpose of this Agreement the following capitalized terms shall have the
meanings specified herein. Capitalized terms used in this Agreement and not otherwise defined
shall have the meanings for such terms set forth in the Master Separation Agreement.
"Database Information and Rights" means any database information and related
legal rights, including, but not limited to, trade secrets, rights arising under agreements and
copyrights under the laws of the United States or any other jurisdiction, whether registered or
unregistered, and any applications for registration thereof.
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"Supply IP" means the intellectual property, and applications therefor and
registrations thereof, listed on Exhibit A.
ARTICLE II
INTELLECTUAL PROPERTY
ALLOCATION OF OWNERSHIP
Section 2.1 Assignment. Subject to Sections 2.2 and 2.3 below, Allegheny
hereby grants, conveys and assigns (and agrees to cause its appropriate Subsidiaries to grant,
convey and assign) to Supply Holdco, by execution hereof (or, where appropriate or required, by
execution of separate instruments of assignment), all its (and their) worldwide right, title and
interest in and to the Supply IP. Allegheny further grants, conveys and assigns (and agrees to
cause its appropriate Subsidiaries to grant, convey and assign) to Supply all its (and their)
worldwide right, title and interest in and to any and all causes of action and rights of recovery for
past infringement of the Supply IP and for past misappropriation of trade secrets in and to the
Supply IP. Allegheny further covenants that Allegheny will, without demanding any further
consideration therefor, at the request and expense of Supply Holdco (except for the value of the
time of Allegheny employees), do (and cause its Subsidiaries to do) all lawful and just acts that
may be or become necessary for evidencing, maintaining, recording and perfecting Supply
Holdco’s rights to such Supply IP consistent with Allegheny’s general business practice as of the
Separation Date, including but not limited to, execution and acknowledgment of (and causing its
Subsidiaries to execute and acknowledge) assignments and other instruments in a form
reasonably required by Supply Holdco. Supply Holdco hereby waives any and all claims of any
right, title and interest in and to any intellectual property of Allegheny not within the definition
of Supply IP.
Section 2.2 Prior Grants. Supply Holdco acknowledges and agrees that the
foregoing assignment is subject to any and all licenses or other rights that may have been granted
by Allegheny or its Subsidiaries with respect to the Supply IP prior to the Separation Date.
Allegheny shall respond to reasonable inquiries from Supply Holdco regarding any such prior
grants.
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(b) Supply Holdco hereby agrees to sublicense or to use commercially
reasonable efforts to obtain or cause to be obtained any consent, approval or amendment
required to obtain a license or sublicense in Licensed Technology to Allegheny pursuant
to the same or substantially the same terms as Supply Holdco’s license, upon request
from Allegheny.
ARTICLE III
PROTECTION
OF INTELLECTUAL PROPERTY
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ARTICLE IV
DATABASE INFORMATION AND RIGHTS
Allegheny and Supply Holdco hereby covenant and agree to cooperate fully with
each other in licensing and assigning to each other, on mutually agreeable terms, such Database
Information and Rights as may be required by the other for its business operations.
ARTICLE V
CONFIDENTIALITY
The terms of the Confidential Disclosure Agreement between the parties shall
apply to any Confidential Information (as defined therein) which is the subject matter of this
Agreement.
ARTICLE VI
DISPUTE RESOLUTION
The parties shall make a good faith attempt to resolve any dispute or claim arising
out of or related to this Agreement through negotiation. Within thirty(30) days after notice of a
dispute or claim, which notice shall contain the particulars of the claim, is given by either party
to the other party, the parties' senior executives responsible for intellectual property (or their
delegates) shall meet to attempt to resolve the matter. If the parties' representatives are unable to
resolve the dispute, the dispute resolution procedures set forth in the Master Separation
Agreement shall be followed.
ARTICLE VII
LIMITATION OF LIABILITY
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ARTICLE VIII
MISCELLANEOUS PROVISIONS
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Section 8.7 Notices. All notices and other communications hereunder shall be
in writing and shall be deemed to have been duly given when delivered in person, by telecopy
with answer back, by express or overnight mail delivered by a nationally recognized air courier
(delivery charges prepaid), by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties as follows:
if to Allegheny:
Allegheny Energy, Inc.
800 Cabin Hill Drive
Greensburg, PA 15601
Attention: General Counsel
if to Supply Holdco:
[_____________]
10435 Downsville Pike
Hagerstown, MD 21740
Attention: General Counsel
or to such other address as the party to whom notice is given may have previously furnished to
the other in writing in the manner set forth above. Any notice or communication delivered in
person shall be deemed effective on delivery. Any notice or communication sent by telecopy or
by air courier shall be deemed effective on the first business day following the day on which
such notice or communication was sent. Any notice or communication sent by registered or
certified mail shall be deemed effective on the third business day following the day on which
such notice or communication was mailed.
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fulfilled to the fullest extent possible.
Section 8.13 Governmental Approval. The parties acknowledge that in the past
they have Licensed Technology to each other in accordance with certain existing regulatory
authority. The parties intend to implement this Agreement to the fullest extent permissible under
such existing regulatory authority and to cooperate toward obtaining and maintaining in effect
such governmental agency approvals as may be required in order to implement this Agreement
as fully as possible in accordance with its terms, and to cooperate so as to revise and mutually
agree on such revisions as become necessary in the event regulatory approval is withheld.
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WHEREFORE, the parties have signed this Intellectual Property Ownership
Agreement effective as of the date first set forth above.
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ANNEX A
SUPPLY IP
A-1
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