Modified IP Sample Clauses

The Modified IP clause defines how intellectual property (IP) that has been altered, improved, or adapted during the course of a project is treated between the parties. Typically, this clause specifies ownership rights, usage permissions, and obligations regarding any modifications made to pre-existing IP or jointly developed materials. For example, it may state whether the party making the modifications retains rights to those changes or if all modifications automatically become the property of the client. The core function of this clause is to clarify ownership and usage rights for modified IP, thereby preventing disputes and ensuring both parties understand their rights and responsibilities regarding any changes to intellectual property.
Modified IP. ‌ Any rights in respect of an adaptation based on, or modification or enhancement of, one party’s Intellectual Property by the other party is hereby assigned, on creation, to the first- mentioned party and licensed for use to the other party on the applicable terms set out in clause 17.2.
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Related to Modified IP

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  • Intellectual Property Warranty CONTRACTOR represents and warrants that its performance of all obligations under this Contract does not infringe in any way, directly or contributorily, upon any third party’s intellectual property rights, including, without limitation, patent, copyright, trademark, trade secret, right of publicity and proprietary information.

  • Intellectual Property Rights Infringement HP will defend and/or settle any claims against Customer that allege that an HP-branded product or service as supplied under this Agreement infringes the intellectual property rights of a third party. HP will rely on Customer’s prompt notification of the claim and cooperation with our defense. HP may modify the product or service so as to be non-infringing and materially equivalent, or we may procure a license. If these options are not available, we will refund to Customer the amount paid for the affected product in the first year or the depreciated value thereafter or, for support services, the balance of any pre-paid amount or, for professional services, the amount paid. HP is not responsible for claims resulting from any unauthorized use of the products or services.

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  • INTELLECTUAL PROPERTY RIGHTS - DATA RIGHTS A. Data produced under this Annex which is subject to paragraph C. of the Intellectual Property Rights - Data Rights Article of the Umbrella Agreement will be protected for the period of one year. B. Under paragraph H. of the Intellectual Property Rights - Data Rights Article of the Umbrella Agreement, Disclosing Party provides the following Data to Receiving Party. The lists below may not be comprehensive, are subject to change, and do not supersede any restrictive notice on the Data provided.