4. Intellectual Property 4.1 If each Party" conceived any invention during the course of the Project' (hereinafter referred to as New Invention'), whether patentable or not suchparty shall promptly inform the other party. 4.2 It is understood and agreed between the Parties' that 1) the New Invention' is jointly owned by both parties: 2) they shall discuss and agree on the actions to be taken, including the filling of patent application in relation to register the New Invention to the relevant government agency.: 3) they shall equally bear the expenses for such registered New Invention and