Common use of Jointly Developed Intellectual Property Clause in Contracts

Jointly Developed Intellectual Property. If, in connection with this Agreement, the Parties jointly develop any intellectual property for the purposes of providing savings or improved methods or techniques for the benefit of the Purchaser (or any purchaser or user of the Solution), such intellectual property shall be deemed a Deliverable and governed by this Agreement (regardless of whether it specifically relates to the Solution). [Confirm that any other new IP (i.e., IP that is not specifically a Deliverable) ought to have the same treatment as a Deliverable under this Agreement – likely that should be the case, but it will depend on the circumstances.]