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___, a division of WITS HEALTH CONSORTIUM (PTY) LTD, a wholly owned company of theUNIVERSITY OF THE WITWATERSRAND, JOHANNESBURG MATERIAL TRANSFER AGREEMENT FOR HUMAN BIOLOGICAL MATERIALS (hereinafter,
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A division of wits is a formal process used to allocate and manage the distribution of intellectual property or creative works among parties involved in a collaboration.
Typically, parties involved in joint ventures, partnerships, or collaborative projects where intellectual property is created are required to file a division of wits.
To fill out a division of wits, individuals must provide detailed information about the creative works, the parties involved, the ownership percentages, and any terms regarding usage or distribution.
The purpose of a division of wits is to clarify the ownership and rights associated with creative works, prevent disputes, and ensure all parties understand their contributions and rights.
Information that must be reported includes the names of the creators, descriptions of the works, ownership shares, and any agreements regarding usage or revenue sharing.
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