Common use of Licensor Intellectual Property Clause in Contracts

Licensor Intellectual Property. Licensor and its affiliates (the "Licensor IP Holder") shall retain ownership of all intellectual property rights (including but not limited to patents, designs rights, copyright and know-how) contained in any documents, designs, inventions, drawings, calculations or other data whether previously existing or created by the Licensor IP Holder or its agents during the term of this Agreement. The granting of a license with respect to such rights shall be entirely within the discretion of the Licensor IP Holder and (if granted) shall be the subject of separate written agreements between the parties. Unless otherwise agreed to by the parties, if this Agreement is terminated, Licensee shall return all designs, drawings, calculations or other technical data provided to it by Licensor pursuant to the terms of this Agreement; provided, however, that this provision shall not apply to any designs, drawings, calculations or other technical data provided to Licensee by Licensor pursuant to any equipment orders, manufacturing assistance or other agreement entered into with respect to any project worked on by Licensor with Licensee.