Common use of Customer’s Intellectual Property Clause in Contracts

Customer’s Intellectual Property. Subject to the license granted by Customer in Section 2.5, Customer shall exclusively own all intellectual property rights (to the extent they do not overlap with the intellectual property rights in the Script Library), title and interest in the Customer Scripts and in any ideas, concepts, know-how, documentation, techniques or any Confidental Information related to the Customer's Trading Partners, Customer provides under this Agreement, provided however that Customer shall not gain any ownership interest in the Licensed Software, which shall at all times remain the property of TransactTools, and provided further that TransactTools shall own all intellectual property rights in the Script Library. Customer agrees not to challenge any such intellectual property rights owned by TransactTools in an action for infringement or otherwise. TransactTools agrees and acknowledges that no title to the Customer Scripts shall pass to TransactTools under this Agreement.