Common use of Joint Development Clause in Contracts

Joint Development. The parties agree that they do not anticipate that any intellectual property will be jointly-developed or jointly-owned under this Agreement; provided, however, that in cases where the parties wish to create such jointly-developed intellectual property, the parties shall use their best efforts to enter into such written agreements beforehand which shall address the details of such development, including without limitation the scope, schedule, payments (if any), and ownership rights with respect thereto. Any other jointly developed intellectual property under this Agreement shall be owned by the parties, subject to applicable law.