Common use of Intellectual Property and Data Clause in Contracts

Intellectual Property and Data. All patents, trademarks or other intellectual property related to Goods or Services remain the sole and exclusive property of Seller. To the extent any Goods or Services include software, such software is not sold to Buyer or its customers, but is only licensed on a limited, non-exclusive basis for Buyer’s internal use only in the form delivered by Seller. Buyer shall not duplicate, distribute, modify, reverse-engineer, or otherwise derive any software code unless authorized in writing by Seller. Unless otherwise agreed in writing, Seller shall own and retain all rights, title and interest to any prototypes, schematics, designs, samples, tools or other documentation that may be prepared in connection with Seller’s Goods or Services.