Common use of Joint Ownership of Foreground Clause in Contracts

Joint Ownership of Foreground. When Foreground has been developed jointly by several project partners, and it is not possible to distinguish their individual contributions, the Foreground generated will be jointly owned, unless the project partners concerned agree on a different solution. To better manage joint ownership, project partners shall agree on its terms and conditions, either by incorporating the necessary provisions in the CA or by signing a joint ownership agreement. In the absence of such an agreement (or pending its conclusion), a default joint ownership regime applies.

Appears in 2 contracts

Sources: Grant Agreement, Grant Agreement