Common use of Continuing Ownership Clause in Contracts

Continuing Ownership. Each Party acknowledges that any Intellectual Property (as defined below) of the other Party is and shall continue to be owned by such other Party subject only to any licenses that may from time-to-time be granted by one (1) Party to another. “Intellectual Property” shall mean (a) inventions (regardless of whether filed as patent applications), patents and patent applications, (b) trademarks, service marks, trade names, trade dress and domain names, together with any goodwill associated exclusively therewith, (c) copyrights, including copyrights in computer software, (d) confidential and proprietary information, including trade secrets and know-how and (e) registrations and applications for registrations of the foregoing. ▇▇▇ acknowledges and agrees that Lenders Protection’s Intellectual Property expressly includes, without limitation, the Software Platform, Program, the Improvements and all information and data (other than Performance Data) involved in or regarding the Software Platform, Program and/or Improvements. Both ▇▇▇ and Lenders Protection hereby agree that Performance Data is the joint property of the Parties and which is governed by Section 9.3.”

Appears in 1 contract

Sources: Producer Agreement (Nebula Parent Corp.)

Continuing Ownership. Each Party acknowledges that any Intellectual Property (as defined below) of the other Party is and shall continue to be owned by such other Party subject only to any licenses that may from time-to-time be granted by one (1) Party to another. “Intellectual Property” shall mean (a) inventions (regardless of whether filed as patent applications), patents and patent applications, (b) trademarks, service marks, trade names, trade dress and domain names, together with any goodwill associated exclusively therewith, (c) copyrights, including copyrights in computer software, (d) confidential and proprietary information, including trade secrets and know-how and (e) registrations and applications for registrations of the foregoing. ▇▇▇ acknowledges and agrees that Lenders Protection’s Intellectual Property expressly includes, without limitationlimitation except has hereinafter described, the Software Platform, Program, the Improvements and all information and data (other than Performance Data) involved in or regarding the Software Platform, Program and/or Improvements. Both Improvements but specifically does not include the Performance Data, which both ▇▇▇ and Lenders Protection hereby agree that Performance Data is the joint property of the Parties and which is governed by as described in Section 9.3.”. Table of Contents

Appears in 1 contract

Sources: Producer Agreement (Nebula Parent Corp.)