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12 <br /> (1) is not disclosed in writing and marked with an appropriate confidentiality legend or; if <br /> disclosed orally or visually, is not identified as confidential at the time of oral or visual <br /> disclosure and subsequently reduced to writing and labeled with an appropriate confidentiality <br /> legend within thirty(30)days of disclosure; <br /> (2) is already in the recipient party's possession at the time of disclosure thereof; <br /> (3) is or later becomes part of the public domain through no fault of the recipient party; <br /> (4) is received from a third party having no obligations of confidentiality to the disclosing <br /> party; <br /> (5) is independently developed by the recipient party; or <br /> (6) is required by law or regulation to be disclosed. <br /> 7.2 In the event that information is required to be disclosed pursuant to subsection (6), the party <br /> required to make disclosure shall notify the other to allow that party to assert whatever exclusions or <br /> exemptions may be available to it under such law or regulation. <br /> 7.3 This Section 7 is subject in•its entirety to Section 15 below. <br /> 8.PATENTS,COPYRIGHTS AND TECHNOLOGY RIGHTS • <br /> 8.1 Title to all inventions or discoveries made solely by University resulting from the research <br /> performed hereunder shall reside in University, title to all inventions or discoveries made solely by <br /> Sponsor shall reside in Sponsor, and title to all inventions and discoveries made jointly by Sponsor and <br /> University shall reside jointly in Sponsor and University. University agrees to grant to Sponsor an option <br /> to negotiate, a royalty-bearing license, to make, use, or sell under any invention or discovery made and <br /> conceived during the term of this Agreement directly resulting from the performance of research <br /> hereunder to the extent that University is legally able to do so. University reserves for itself a <br /> royalty-free, irrevocable license to make and use such University inventions or discoveries for its own <br /> research and educational purposes. If such invention or discovery is made resulting from the research, <br /> the Principal Investigator shall submit an invention disclosure <br /> (http://www.otc.utexas.edu/InventorForms.jsp) to University's Office of Technology Commercialization <br /> ("OTC"). The OTC will then forward the invention disclosure to Sponsor. Sponsor shall then have <br /> thirty (30) days from receipt of such disclosure of any invention or discovery to notify University of its <br /> 5 <br /> 64 <br />