Definition and Ownership Clause Samples

Definition and Ownership. Special purpose tooling manufactured or purchased by the Contractor for the execution of the Contract, and duly paid by Fusion for Energy shall become or remain the property of Fusion for Energy (the "Special Purpose Tooling") from the moment it is purchased or manufactured by the Contractor. [This tooling is further specified in Section [•] of Annex B (Technical Specifications)].
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Definition and Ownership. Each of Villanova and Company will continue to own all intellectual property it owned before making this Agreement. In exchange for the Fees, Company agrees that Villanova owns the Deliverables and all associated intellectual property rights. Villanova owns the copyright in Deliverables as a work- made-for-hire where the law recognizes it as a “work made for hire.” In all other cases, Villanova owns the Deliverables by assignment, and Company now and hereby transfers and assigns to Villanova all worldwide rights, title and ownership of all Deliverables and associated intellectual property rights, free of all claims. Company will obtain from its employees and independent subcontractors and assign to Villanova (or any other person designated by Villanova) all right, title and interest in Deliverables. Company will assist Villanova to complete the transfer of rights described in this Agreement and to document, enforce, and protect those rights. To the extent permitted by applicable law, Company waives, and will have its employees waive, any moral rights and rights of reversion of ownership in the Deliverables. Villanova may change, reproduce, transfer, and distribute the Deliverables. Company hereby grants Villanova a perpetual, irrevocable, worldwide, royalty free, fully paid up right and license in any pre-existing or other intellectual property owned by Company and included in the Deliverables to use, copy, distribute, display, publish, perform, license and create any derivative works of such intellectual property in connection with the Deliverables.
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Definition and Ownership. Special purpose tooling manufactured or purchased by the Contractor for the execution of the Contract, and duly paid by Fusion for Energy shall become or remain the property of Fusion for Energy (the "Special Purpose Tooling") from the moment it is purchased or manufactured by the Contractor. [This tooling is further specified in Section [•] of Annex B (Technical Specifications)]. At any stage during the execution of the Contract and no later than 1 (one) month following Final Acceptance, Fusion for Energy may request the Contractor to dispose of the Special Purpose Tooling. The costs of such disposal shall be borne by the Contractor. At any stage before Fusion for Energy informs the Contractor if the Special Purpose Tooling shall be disposed of Fusion for Energy may propose to sell the Special Purpose Tooling or any part thereof to the Contractor. Should the Contractor be interested, the Parties shall determine in good faith the resale value of the Special Purpose Tooling to be transferred to the Contractor. Such value shall be set off against the amount of the next invoice issued by the Contractor. In case Fusion for Energy wishes to take possession of the Specific Purpose Tooling or part of it, the Contractor shall deliver the Specific Purpose Tooling EXW (INCOTERMS 2010) at its premises.
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Definition and Ownership. Each of Villanova and Photographer will continue to own all intellectual property it owned before making this Agreement. In exchange for the Fees, Photographer agrees that Villanova owns the Deliverables and all associated intellectual property rights. Villanova owns the copyright in Deliverables as a work- made-for-hire where the law recognizes it as a “work made for hire.” In all other cases, Villanova owns the Deliverables by assignment, and Photographer now and hereby transfers and assigns to Villanova all worldwide rights, title and ownership of all Deliverables and associated intellectual property rights, free of all claims. Photographer will obtain from its employees and independent subcontractors and assign to Villanova (or any other person designated by Villanova) all right, title and interest in Deliverables. Photographer will assist Villanova to complete the transfer of rights described in this Agreement and to document, enforce, and protect those rights. To the extent permitted by applicable law, Photographer waives, and will have its employees waive, any moral rights and rights of reversion of ownership in the Deliverables. Villanova may change, reproduce, transfer, and distribute the Deliverables. Photographer hereby grants Villanova a perpetual, irrevocable, worldwide, royalty free, fully paid up right and license in any pre-existing or other intellectual property owned by Photographer and included in the Deliverables to use, copy, distribute, display, publish, perform, license and create any derivative works of such intellectual property in connection with the Deliverables. Photographer agrees that it retains no rights whatsoever in the Deliverables.
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Related to Definition and Ownership

  • Definitions and General Provisions The following words and terms as hereinafter used in this Agreement shall have the following meanings unless otherwise herein provided and unless the context or use clearly indicates an other or different meaning or intent.

  • Confidentiality and Ownership The Executive acknowledges and agrees that the Confidential Information (as defined in Paragraph 5(A) below) is the property of the Corporation, its subsidiaries and affiliates. Accordingly, the Executive agrees as follows:

  • License and Ownership 1.1 Pursuant to the terms and conditions specified in this Agreement, Starfish hereby grants to Customer, and Customer hereby accepts from Starfish, a nontransferable, nonexclusive right and license to use the software (the “Solution”) identified in the Ordering Document during the Term (as defined in Section 2.1) for Customer’s own internal business purposes. 1.2 The number of the Customer’s employees and/or contractors authorized to use the Solution shall be set forth in the Ordering Document. 1.3 The Solution, including any patents, copyrights, trade secrets, procedures, techniques, data and other intellectual property rights and technology therein, and any derivatives thereof, shall be owned by Starfish, and nothing herein shall be deemed to transfer any ownership interest therein to Customer. Without the prior written consent of Starfish, Customer shall refrain from copying, reverse engineering, disassembling, decompiling, translating or modifying the Solution, or granting any other person or entity the right to do so. 1.4 Unless otherwise specified or provided in the Ordering Document, Customer shall be solely responsible for procuring all rights and licenses for any systems to which the Solution will connect, including, without limitation, any proprietary hardware and software systems that may be required to utilize the Solution.

  • Definitions and Incorporation by Reference 1 Section 1.01. Definitions.......................................................................1

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean: