1.6 Regents Patent Rights means all right, title and interest of The Regents in, to and under: a) the provisional patent applications entitled Silicone Intraocular Lenses Embedded with Photosensitive Compositions filed on January 12, 1999 (Serial No. 60/115,617), May 5, 1999 (Serial No. 60/132,871), and June 17, 1999, b) the corresponding nonprovisional U.S. Application 09/415,909 entitled Lenses Capable of Post-Fabrication Power Modification, and c) the patent application entitled Methods and Pharmaceutical Compositions for the Closure of Retinal Breaks (Serial No. 09/181,041) filed on October 27, 1998, and d) any divisionals, continuations, or continuations-in-part (but only to the extent such continuations-in-part have inventors from both institutions and to the extent they are enabled by the parent case) thereof; any corresponding foreign applications thereof; and any U.S. or foreign patents issued thereon or reissues or extensions thereof.
1.7 Valid Claim means a claim of an issued and unexpired patent, or of a patent application, which claim (i) is included in the Regents Patent Rights, (ii) has not lapsed, been canceled, or become abandoned, (iii) has not been declared invalid by a court of competent jurisdiction, (iv) has not been admitted to be invalid or unenforceable through reissue or disclaimer; and (v) in the case of patent applications, has not been pending for more than six (6) years.
2. LIFE OF PATENT EXCLUSIVE GRANT
2.1 Subject to the limitations set forth in this Agreement, The Regents grants to the Licensee a world-wide license under Regents Patent Rights to make, have made, use, sell, offer to sell and import Licensed Products and to practice Licensed Methods.
2.2 Except as otherwise provided in this Agreement, the license granted in Paragraph 2.1 is exclusive for the life of the Agreement.
2.3 The license granted in Paragraphs 2.1 and 2.2 is limited to Licensed Methods and Licensed Products that are within the Field of Use. For other methods and products, the Licensee has no license under this Agreement.
2.4 The Regents and Caltech reserve the right to use the Inventions and associated technology for their own educational and research purposes.