definiens: means any Improvement with respect to an Agreemen t Compound or Licensed Productor relating to the Exploitation thereof Controlled by Palatin or its Affiliates, not constituting a De velopmentResult, whether or not patentable, that is conceive d, reduced to practice, developed or discovered or otherwisemade outside the Research Collaboration during the term of this Agreement by or on behalf of Palatin o r itsAffiliates or by the Parties or their respective Af filiates jointly, or their respective employees and agents ( whetheralone or jointly with others ), or otherwise Control led by Palatin or its Affiliates at any time prior to and at theEffective Date or during any period in which AstraZ eneca owes royalties to Palatin pursuant to Section 11.7, andwhich [COMPANY] has not rejected pursuant to Sect ion 7.4.1