Common use of Jointly-Developed Property Clause in Contracts

Jointly-Developed Property. Boeing and Owner agree that any specifications, drawings, technical information or other data that is developed under this Contract, to enhance or improve the ICS shall be considered jointly developed Intellectual Property, and each Party may use and exploit such property for its own use and account in addition to its utilization with the ICS.

Jointly-Developed Property. Boeing and Owner agree that any specifications, drawings, technical information or other data that is developed after the Effective Date, and developed under this Contract, to enhance or improve the ICS shall be considered jointly developed Intellectual Propertyintellectual property, and each Party may use and exploit such property for its own use and account in addition to its utilization with the ICS.